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Infrastructure 
Uzbekistan’s Agrobank secures USD 88 mn syndicated loan from Mashreq
The transaction was 0.75x oversubscribed
Emirati banks had a good 2023
The top 10 banks saw their net income surge 54.1% y-o-y
New York-based Biz2Credit + Magnati to facilitate USD 1 bn SME loans
Biz2Credit will use Magnati’s real-time payments data to boost banks’ confidence in lending to SMEs
Economy to expand by 4% in 2024 -FAB
FAB projects the GCC to grow at a 3.4% clip in the medium term
FAB issues USD 850 mn five-year debt
The lender’s issuance saw USD 2.1 bn worth of orders
FedEx has a new air cargo hub at Dubai World Central
Plus: Tech, banking, education, retail, and startup news
UAE entrepreneurs rank second in overseas expansion ambitions, HSBC says
86% of entrepreneurs in the UAE are actively seeking to operate their businesses beyond national borders
Al Sharif named head of global corporate and investment banking at MUFG
Al Sharif succeeds former regional head Elyas Al Gaseer
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