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Author Archives: enterpriseam admin
Posted inECONOMY
CBUAE leaves interest rates unchanged
The central bank maintained its overnight deposit rate at 5.40% and the overnight lending rate at 5.90%
Posted inENERGY
Masdar partners with Bahrain’s Bapco for 2 GW wind projects
The agreement focuses on near-shore and offshore wind farms.
Posted inDEBT WATCH
Shuaa Capital settles AED 500 mn debt
The news follows the company’s USD 150 mn bond restructuring in April
Posted inEARNINGS WATCH
Swvl swings to profitability in 2023
The turnaround comes following a tumultuous year where the startup received two delisting warnings from Nasdar
Posted inEARNINGS WATCH
FAB, Union Properties report bottom line growth in 1Q 2024, while DAE sees bottom line dip
FAB attributed net income growth to “well-managed expenses and robust asset quality”
Posted inUAE IN THE NEWS
A revival of the archipelago luxury community?
The heirs of the Damac Properties business are developing 24 mansions on a strip of the
Posted inALSO ON OUR RADAR
Major Developers to work on AED 1 bn luxury project in Ras Al Khamah’s Al Marjan Island
PLUS: DP World inks an agreement with Malaysia’s Suria Capital Holdings
Posted inPLANET FINANCE
Saudi GDP contracts again in 1Q 2024 due to lower oil activity
The downturn was once again due to a decline in oil activity, which fell by 10.6% y-o-y in the last quarter