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Dubai Aerospace Enterprise secures $750m ENBD loanDubai Aerospace Enterprise (DAE), the global aviation services company, said it has secured a five-year term loan worth AED2.75 billion ($750 million) from Emirates NBD Bank for general corporate purposes and to support the future financing needs of its business. More… |
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SC Ventures and NEXT176 to launch wealth platformSC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and NEXT176, the venture building and investment arm of Old Mutual, have joined forces to launch an inclusive financial wellness platform. With a shared vision to address More… |
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Investcorp plans key investment in $4.2bn JFK terminal 6 revampAbu Dhabi-based Investcorp Capital, an investor in private markets and provider of capital financing services in the alternative investments space, said it has reached an agreement to invest in the redevelopment of New York’s JFK International Airport’s Terminal 6 through its newly More… |
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Alnowaiser named Emaar, the Economic City's new CEOEmaar, the Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has appointed Abdulaziz Ibrahim Alnowaiser as its new CEO effective May 1. Announcing the board decision, today (April 3), EEC said Alnowaiser, an industry vetera More… |
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UAE and KSA PMIs down slightly but still strong in MarchThe Purchasing Managers’ Index (PMI) for UAE and Saudi Arabia dipped in March with the S&P Global for the UAE dipping to 56.9, from 57.1 in February and the Riyad Bank PMI survey for KSA at 57.0, down modestly from 57.2 in February. This is sti More… |
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Lunate acquires a 40% stake in Adnoc Oil PipelinesLunate, a global alternative investment manager, announced on Wednesday that one of its funds has acquired a 40% stake in Adnoc Oil Pipelines (AOP), a critical onshore and offshore midstream crude oil pipeline infrastructure asset, from leading institutional investors, BlackRock and KKR. More… |
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Bahrain to see positive economic growth of 3.5pc this yearBahrain is expected to see positive economic growth of 3.5 per cent this year, reported the Gulf Daily News, our sister publication, citing its Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa. For further details, visit More… |
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Daleel secures investment from Hambro Perks, Flat6LabsDaleel, Mena’s pioneering financial marketplace, has successfully secured investments from Hambro Perks Spring Studios and Flat6Labs UAE, Mena’s seed and early-stage venture capital firm. Hambro Perks Spring Studios is a venture builder backed by A More… |
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AUS team develops blockchain system to improve CCT marketAn American University of Sharjah (AUS) research team has filed a provisional patent with the United States Patent and Trademark Office for a blockchain system they developed to improve the carbon credits trading (CCT) market. CCT uses a marketplace to b More… |
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UAE Central Bank balance sheet hits AED734.6bnThe Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch AED734.61 billion at the end of January 2024, marking a significant surge in its financial strength. Compared with AED559.88 billion in January 2023, this translates More… |
