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ADEX to support Trafigura with AED 863 mn loan with CBD + SMBC
The funding will support acquisition of UAE commodities across energy, metals, and minerals sectors
BGN boosts its loan from UAE lenders to USD 232.5 mn
The facility will include a Murabaha tranche to incorporate both Islamic and conventional financing
ADEX’s USD 500 mn wheat financing agreement with Egypt gets green light
Al Dahra is set to provide Egypt with its grain supplies
Singapore’s Trafigura secures USD 150 mn in financing for UAE exports
Trafigura will use the funds to purchase UAE commodities
Day two of Make it in the Emirates: More funding, new digitization initiatives, and new manufacturers set up shop in Dubai
The Industry and Advanced Technology Ministry rolled out a digitization initiative to boost digitization for 100 local manufacturers
Abu Dhabi development fund has spent a cumulative AED 216 bn in development funds as of 2023
The fund handed out AED 220 mn in concessional loans and AED 270.7 mn in development grants in 2023
ADEX, Mashreq, and ADCB lend BGN USD 100 mn to ramp up energy exports
The loan marks BGN’s first credit line from regional lenders