Latest news with #KhalilAlMansoori
Mid East Info
16-04-2025
- Business
- Mid East Info
ADEX Participates in TXF Middle East & Africa 2025 to Advance Regional Export Finance Collaboration - Middle East Business News and Information
The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), took part as a key sponsor in the TXF Middle East & Africa 2025, held over three days in Dubai. This edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic development. Khalil Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector. 'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he said. Al Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071. 'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he added. To support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals. 'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners,' Al Mansoori explained. 'They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad.' One of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets. The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance. About ADEX: Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.
Zawya
16-04-2025
- Business
- Zawya
ADEX participates in TXF Middle East & Africa 2025 to advance regional export finance collaboration
Abu Dhabi – The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), took part as a key sponsor in the TXF Middle East & Africa 2025, held over three days in Dubai. This edition of TXF marked the first time the conference merged its Middle East and Africa editions into one comprehensive platform, uniting decision-makers, financiers, and exporters from both regions to promote cross-regional partnerships, explore common interests, and align strategies that support economic development. Khalil Al Mansoori, Executive Director of ADEX, delivered a keynote address highlighting ADEX's role as a strategic enabler of the UAE's export sector. 'At ADEX, we believe meaningful progress begins with meaningful partnership. Collaboration is the foundation of everything we do,' he said. Al Mansoori noted that ADEX's role continues to evolve in line with national ambitions such as Operation 300 Billion, Abu Dhabi's Industrial Strategy, and the UAE Centennial 2071. 'We are committed to helping the UAE become a global hub for innovation and trade. Supporting exports and investments in key sectors like AI and renewable energy plays a vital role in achieving a competitive, knowledge-based economy,' he added. To support this vision, ADEX has expanded its financing solutions beyond traditional loans and guarantees for foreign buyers of UAE goods and services. The agency now also provides direct loans to UAE-based businesses to help scale production and invest in capital expenditure, in addition to offering multilateral risk repurchase agreements that unlock liquidity for high-impact export deals. 'These tools make us more agile, more responsive, and more aligned with the needs of our exporters and partners,' Al Mansoori explained. 'They also allow us to support the UAE's efforts to diversify its economy while opening new opportunities for local companies abroad.' One of the highlights of the event was TXF's recognition of ADEX's syndicated facility with BGN as one of its Deals of the Year, acknowledging the creative structuring and impact of the transaction in supporting UAE exports in emerging markets. The event included insightful panel discussions, country-focused workshops, and roundtables of heads of export and project finance. About ADEX Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development.
Mid East Info
20-02-2025
- Business
- Mid East Info
Abu Dhabi Exports Office Grows Nine-Lender Finance Facility for Energy Trader BGN to More than $230m - Middle East Business News and Information
Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB), leading a syndicate of nine UAE lenders, have successfully more than doubled a finance facility for global energy trader BGN to $232.5 million. Originally set at $100 million with a $120 million target, the oversubscribed facility marks a watershed in regional trade finance by incorporating an innovative Murabaha tranche to accommodate Islamic banks alongside conventional financing. In recent years, the UAE's robust trade finance sector has evolved into a highly sophisticated enabler for global players such as BGN, emboldening them to optimize capital and drive sustained growth. In 2024, UAE trade levels surged to an all-time high of $800 billion. Central to this economic vitality is the UAE's position as one of the world's top oil producers, with the energy sector contributing approximately 30% to the country's GDP. Furthermore, oil and gas exports account for nearly 13% of the UAE's total export value, reinforcing its fundamental role in the global marketplace. The expanded facility clearly reflects this strength, driven by the convening power and agile structuring spearheaded by ADEX and FAB. Abu Dhabi Commercial Bank (ADCB) also played a key role as Facility Agent for this collaboration, along with the National Bank of Fujairah, the Commercial Bank of Dubai, Mashreqbank, the Arab Bank, the National Bank of Ras Al Khaimah, Emirates NBD Bank, and Ajman Bank. To commemorate this milestone, a signing ceremony was held in Abu Dhabi. Khalil Al Mansoori, Director General of ADEX; Rüya Bayegan, Group CEO of BGN; and senior representatives of all banks involved formalised the agreement. 'This landmark cooperation, facilitated by ADEX, underscores the UAE's leadership in designing financial frameworks that revolutionise international trade. By seamlessly integrating both conventional and Islamic banks into a single, innovative financing structure, ADEX is supporting the UAE's dynamic trade finance ecosystem, solidifying our nation's position as a competitive global hub for commerce. This alliance sets a new standard for cross-border financing, propelling the UAE to the forefront of the evolving financial landscape.' 'This expanded RCF demonstrates the UAE financial sector's robust confidence in BGN's strategic role within the region's energy trading complex. The flexible terms and innovative structure of this facility provide a welcome addition to our diversified international liquidity base. We are committed to further strengthening financial partnerships in the GCC, and in other regions, to empower our global business expansion and trading growth,' said Rüya Bayegan, Group CEO of BGN. The oversubscription of the BGN lending facility highlights ADEX's growing influence in catalysing trade finance solutions that boost the UAE's economy through coordinated local action, in close collaboration with banking partners. HFW, legal counsel for BGN, and Reed Smith, legal counsel for the lenders, advised the transaction. About ADEX: Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development. About BGN: BGN is an international, partnership-focused energy and commodity trading business. The company has offices in key hubs such as Dubai, Geneva, Houston, Rotterdam and Singapore, and counts more than 750 staff at its 22 locations around the world. As well as trading traditional energy products – and being widely known for its prominence in the international trade of LPG (liquefied petroleum gas) – BGN has more recently made strides into the LNG (liquefied natural gas), SAF (Sustainable Aviation Fuel) and carbon markets. Altogether, BGN's annual commodity movement approaches 50 million metric tons.
Trade Arabia
19-02-2025
- Business
- Trade Arabia
ADEX grows finance facility for energy trader BGN to $230m
Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB), leading a syndicate of nine UAE lenders, have successfully more than doubled a finance facility for global energy trader BGN to $232.5 million. Originally set at $100 million with a $120 million target, the oversubscribed facility marks a watershed in regional trade finance by incorporating an innovative Murabaha tranche to accommodate Islamic banks alongside conventional financing, said an ADEX statement. In recent years, the UAE's robust trade finance sector has evolved into a highly sophisticated enabler for global players such as BGN, emboldening them to optimise capital and drive sustained growth. In 2024, UAE trade levels surged to an all-time high of $800 billion. Central to this economic vitality is the UAE's position as one of the world's top oil producers, with the energy sector contributing approximately 30% to the country's GDP. Furthermore, oil and gas exports account for nearly 13% of the UAE's total export value, reinforcing its fundamental role in the global marketplace. The expanded facility clearly reflects this strength, driven by the convening power and agile structuring spearheaded by ADEX and FAB. Abu Dhabi Commercial Bank (ADCB) also played a key role as Facility Agent for this collaboration, along with the National Bank of Fujairah, the Commercial Bank of Dubai, Mashreqbank, the Arab Bank, the National Bank of Ras Al Khaimah, Emirates NBD Bank, and Ajman Bank. To commemorate this milestone, a signing ceremony was held in Abu Dhabi. Khalil Al Mansoori, Director General of ADEX; Rüya Bayegan, Group CEO of BGN; and senior representatives of all banks involved formalised the agreement. 'This landmark cooperation, facilitated by ADEX, underscores the UAE's leadership in designing financial frameworks that revolutionise international trade. By seamlessly integrating both conventional and Islamic banks into a single, innovative financing structure, ADEX is supporting the UAE's dynamic trade finance ecosystem, solidifying our nation's position as a competitive global hub for commerce. This alliance sets a new standard for cross-border financing, propelling the UAE to the forefront of the evolving financial landscape,' said Bayegan. 'This expanded RCF demonstrates the UAE financial sector's robust confidence in BGN's strategic role within the region's energy trading complex. The flexible terms and innovative structure of this facility provide a welcome addition to our diversified international liquidity base. We are committed to further strengthening financial partnerships in the GCC, and in other regions, to empower our global business expansion and trading growth.' The oversubscription of the BGN lending facility highlights ADEX's growing influence in catalysing trade finance solutions that boost the UAE's economy through coordinated local action, in close collaboration with banking partners, said the statement.
Zawya
19-02-2025
- Business
- Zawya
Abu Dhabi Exports Office grows nine-lender finance facility for energy trader BGN to more than $230mln
Abu Dhabi – Abu Dhabi Exports Office (ADEX) and First Abu Dhabi Bank (FAB), leading a syndicate of nine UAE lenders, have successfully more than doubled a finance facility for global energy trader BGN to $232.5 million. Originally set at $100 million with a $120 million target, the oversubscribed facility marks a watershed in regional trade finance by incorporating an innovative Murabaha tranche to accommodate Islamic banks alongside conventional financing. In recent years, the UAE's robust trade finance sector has evolved into a highly sophisticated enabler for global players such as BGN, emboldening them to optimize capital and drive sustained growth. In 2024, UAE trade levels surged to an all-time high of $800 billion. Central to this economic vitality is the UAE's position as one of the world's top oil producers, with the energy sector contributing approximately 30% to the country's GDP. Furthermore, oil and gas exports account for nearly 13% of the UAE's total export value, reinforcing its fundamental role in the global marketplace. The expanded facility clearly reflects this strength, driven by the convening power and agile structuring spearheaded by ADEX and FAB. Abu Dhabi Commercial Bank (ADCB) also played a key role as Facility Agent for this collaboration, along with the National Bank of Fujairah, the Commercial Bank of Dubai, Mashreqbank, the Arab Bank, the National Bank of Ras Al Khaimah, Emirates NBD Bank, and Ajman Bank. To commemorate this milestone, a signing ceremony was held in Abu Dhabi. Khalil Al Mansoori, Director General of ADEX; Rüya Bayegan, Group CEO of BGN; and senior representatives of all banks involved formalised the agreement. 'This landmark cooperation, facilitated by ADEX, underscores the UAE's leadership in designing financial frameworks that revolutionise international trade. By seamlessly integrating both conventional and Islamic banks into a single, innovative financing structure, ADEX is supporting the UAE's dynamic trade finance ecosystem, solidifying our nation's position as a competitive global hub for commerce. This alliance sets a new standard for cross-border financing, propelling the UAE to the forefront of the evolving financial landscape.' 'This expanded RCF demonstrates the UAE financial sector's robust confidence in BGN's strategic role within the region's energy trading complex. The flexible terms and innovative structure of this facility provide a welcome addition to our diversified international liquidity base. We are committed to further strengthening financial partnerships in the GCC, and in other regions, to empower our global business expansion and trading growth,' said Rüya Bayegan, Group CEO of BGN. The oversubscription of the BGN lending facility highlights ADEX's growing influence in catalysing trade finance solutions that boost the UAE's economy through coordinated local action, in close collaboration with banking partners. HFW, legal counsel for BGN, and Reed Smith, legal counsel for the lenders, advised the transaction About ADEX Established by the Abu Dhabi Fund for Development (ADFD) in 2019, the Abu Dhabi Exports Office (ADEX) offers financing solutions to Emirati exporters to help increase the country's export volume and promote UAE export business in the global markets. ADEX's mandate includes providing credit facilities to overseas buyers and importers via direct and indirect loans and guarantees, thereby enhancing the export sector's pivotal economic role and promoting its global competitiveness. This is in line with the UAE's economic diversification strategy. The entity also seeks to expand the range of locally made exported goods and services, being among the main pillars of the country's sustainable development. To learn more about our services and solutions, please visit our website or get in touch via @AbuDhabiexports About BGN BGN is an international, partnership-focused energy and commodity trading business. The company has offices in key hubs such as Dubai, Geneva, Houston, Rotterdam and Singapore, and counts more than 750 staff at its 22 locations around the world. As well as trading traditional energy products – and being widely known for its prominence in the international trade of LPG (liquefied petroleum gas) – BGN has more recently made strides into the LNG (liquefied natural gas), SAF (Sustainable Aviation Fuel) and carbon markets. Altogether, BGN's annual commodity movement approaches 50 million metric tons. To learn more about BGN, please visit the website and follow us on LinkedIn. Media enquiries: mediabgn@
