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Mashreq, DIB, and EDB pledge AED 18 bn in financing for manufacturers
Mashreq is weaving green and sustainability-linked loans into the mandate, banking on appetite for green financing as energy input diversification…
Dar + Trump partner to develop and tokenize hotel in Maldives
Plus: Aster to build two new hospitals with AED 265 mn in financing from Emirates Development Bank
China Southern Glass to open AED 300 mn Kezad facility + Emirates Float Glass to double capacity
Plus: Omniyat launches AED 5 bn tower on Sheikh Zayed Road
Adnoc is the sixth most valuable energy brand
Plus: Mashreq takes home ins. product innovation of the year
DP World expands Jebel Ali’s auto yard + Egypt’s Thndr now allows retail trading for ADX
ALSO- Arada awarded an AED 618 mn contract to its Anantara Sharjah project
AD Ports explores green energy storage JV with Rotterdam’s Advario
ALSO- Innovest Holding and the US-based clean fuel firm Oxon Technologies are partnering on a USD 400 mn clean fuel…
UAE banks line up AED 40 bn for industrials, AED 1 bn for SMEs
The country has launched an AED 1 bn fund operating under Emirates Development Bank to support SMEs
1Q earnings are in for Sharjah Islamic Bank, and Rak Ins., while EDB posts FY 2024 earnings
Rak Ins. saw a 223.4% uptick in its bottom line whilst Emirates Development Bank’s sunk by 14.8%
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