AD Ports refinances USD 2.25 bn loan to benefit from lower interest rates
The move comes after the Central Bank of the UAE cut the overnight deposit rate by 50 basis points
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The move comes after the Central Bank of the UAE cut the overnight deposit rate by 50 basis points
The loan is slated be delivered in two tranches consisting of USD 180 mn and USD 212 mn
The project aims to foster economic growth and trade exchange
The loan is reportedly being finalized with an alliance led by the National Bank of Egypt to develop the port’s…
NBK will extend a USD 93 mn credit facility for construction works
The project looks to cap carbon emissions and energy costs through the electrification of port infrastructure
The loan will fund the acquisition of locomotives, trains, and other equipment
The loan aims to support DAE’s general corporate needs and future financing requirements
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