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Acting as the global voice for renewable energies, Irena will provide practical advice and support for both industrialized and developing countries, help them improve their regulatory frameworks and build capacity.
Mr. Mark Yassin, Senior General Manager of NBAD's Corporate & Investment Banking Division extended NBAD's Chairman, Board and management cordial thanks and gratitude to Director-General of Irena for visiting the bank to establish a productive business relationship with NBAD which enjoys strong relationships and cooperation with leading organizations and companies around the world.
"NBAD is proud to support Irena's initiatives' and play a significant role in financing renewable energy projects to cater to the high demand in the energy sector and underpins the UAE's presence worldwide,"said Mr.Yassin.
"As a responsible financial institution, we adopt sustainable business practices and continuously review our organizational behaviors in order to successfully manage our environmental impact. Climate change and environmental issues create risks and opportunities and are at the top of our business agenda," he added.
"Since its inception in 1968, NBAD remains committed to underpin the development of the nation and finance various sectors to strengthen the UAE economy in cooperation with our distinguished business partners," Senior General Manager of NBAD's Corporate & Investment Banking Division explained.
"NBAD's outstanding loans for the energy sector increased to Dhs10.58bn by the end of 2008 compared to Dhs8.3bn in 2007. This shows NBAD's strives to keep pace with the development of the UAE and plays a major role in building the country," Mr.Yassin concluded.
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Posted by Rana Mesbah
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