Thursday 20 September 2018
 
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Credit

UAE bank loans to industries up 3.4pc to $210bn

The balance of loans lent by banks operating in the UAE to the industrial and business sectors rose 3.4 per cent at the end of May 2018 to Dh774.5 billion ($210.8 billion), from Dh748.9 billion in December 2017, a media report said.

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DAE signs unsecured revolving credit facility of $480m

Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of $480 million and an accordion feature that allows the facility to be increased to up to $800 million at any time a

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DAE signs unsecured revolving credit facility of $480m

Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of $480 million and an accordion feature that allows the facility to be increased to up to $800 million at any time a

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DAE signs landmark financing deal

Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of $480 million and an accordion feature that allows the facility to be increased to $800 million at any time after t

More…

DAE signs landmark financing deal

Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of $480 million and an accordion feature that allows the facility to be increased to $800 million at any time after t

More…

Alba closes $247m export credit financing deal

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has successfully closed the first part of the second tranche of €204.5 million ($247.01 million) Export Credit Agency (ECA) covered financing facilities. It will

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Alba closes $247m export credit financing deal

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has successfully closed the first part of the second tranche of €204.5 million ($247.01 million) Export Credit Agency (ECA) covered financing facilities. It will

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Citi launches cashback credit card in UAE

Citi, a leading global bank, recently launched the Citi Cashback Credit Card in the UAE, in response to recent survey findings. The study conducted by Citi and Publicis Media revealed that 67 per cent of residents in the UAE consi

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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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Higher oil prices ‘won’t impact GCC credit profiles’

The GCC countries' creditworthiness will remain driven by government responses to economic, fiscal and external challenges rather than the recent rise in oil prices, said Moody’s in a new report. "Our expectations f

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