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Taqa and Jera reach financial close on Saudi plant
The plant will supply power and steam to the Saudi’s Amiral petrochemical complex
Mashreq launches IBAN verification for businesses
Plus: More news from du, e&, ADTIC, Sav, Hitek, and Fujairah Natural Resources Corporation
On s-linked finance, Gems Education’s landmark facility, and avoiding “froth” in ESG conversations
Mashreq led negotiations for ESG goals linked with Gems’ USD 3.25 bn s-linked facility
Kuwait Finance House offloads AED 1.3 bn stake in Sharjah Islamic Bank
Kuwait’s largest lender will sell its 18.2% stake at AED 2.2 apiece
A new era in SME lending: embracing alternative data
Unlike larger corporations with access to top-tier auditors, many SMEs do not get their accounts audited or rely on local…
The UAE’s top 10 lenders’ net income rose to AED 21.5 bn in 2Q 2024
Total non-interest income fell 2.9% q-o-q
UAE gets its first low-orbit radar imaging satellite
Plus: DFM partners with China’s Shenzhen Stock Exchange
ADQ mulls acquisition of Turkey’s Odeabank + Emirates NBD closer to acquiring stake in Yes Bank?
It is still uncertain whether ADQ will move forward with the acquisition
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