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It’s going to get worse before it gets better for GCC banks with Turkish subsidiaries
Emirates NBD’s risk-weighted assets fell by some 60-70 bps
DAE secures new AED 2.75 bn 5-year unsecured term loan from Emirates NBD
The loan aims to support DAE’s general corporate needs and future financing requirements
UAE banks to post stable returns in 2024 –Moody’s
The four biggest banks made up 74% of the banking sector’s total income
Lulu moves forward with planned IPO
The company selected ADCB and Emirates NBD to advise on the planned IPO
The UAE is the world’s second-biggest destination for greenfield FDI
Dubai remained the top city globally for new green field HQ projects
Criteria for Emirates NBD’s AED 500 mn SME initiative are out
The first phase of the initiative will invest AED 15 mn over seven years
Union Properties reaches AED 1.2 bn settlement agreements with Dubailand, Emirates NBD
The developer will repurpose land initially slated for a Formula One racing park into new residential areas
LuLu Group eyes dual-listing on ADX + Tadawul
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