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Mashreq, Emirates NBD, ADCB, and United Arab Bank post solid 1Q earnings
The banks continue to post robust earnings, following a record-breaking year for Emirati banks’ bottom lines
Seven Emirati banks feature in Forbes Middle East’s 30 most valuable banks in MENA list
The aggregate market value of the Emirati banks on the list is USD 128.7 bn
ADIB extends AED 865 mn syndicated loan to Al Seer Marine and BGN
The loan is part of a wider USD 370 mn syndicated loan to finance the construction of VLGCs
Lulu moves forward with planned IPO
The company selected ADCB and Emirates NBD to advise on the planned IPO
Emirates NBD has escrow services for real estate developers
The agreement will allow the bank to offer escrow services in Ras Al Khaimah as an account trustee
ADCB to set up shop in KSA + Dubai billboards for Saudi-Emirati JV
The JV is owned by Saudi’s Al Arabia Out of Home Advertising, Mawaqie, and an undisclosed Emirati company
Tabreed receives USD 163 mn green credit facility
The company will use the funds to expand its operations in the GCC
Loans, carbon markets, green bonds and more
Day 6 of COP28 provided a deluge of updates from across the climate finance sector
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