National banks accounted for 90 per cent of the combined credit to the two sectors, while the remaining 10 per cent (Dhs84.3bn) came from foreign banks
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The central bank said the business and industrial sectors received credit financing mostly from traditional banks
Emirates Development Bank approved Dhs1.3bn towards financing mSMEs and Dhs3.1bn to fund industrial development and infrastructure projects
The founders and employees of both businesses will join Huspy
The bank’s total income reached Dhs3.01bn, recording growth of 6 per cent year-on-year compared to Dhs2.84bn achieved in Q1 2021
They have been linked to supporting and financing Yemen’s Houthi militia
Global sales of green bonds hit a record $513bn last year
The MoU will cover credit guarantee and co-lending programmes
Tabby has raised more than $30m in funding from local and global investors
North Ladder is a trading platform for pre-owned luxury assets and electronics
Jenaan to import raw materials from Borouge to manufacture and supply irrigation systems
Banks and financial institutions must opt for online credit process with automated elements – offered by companies such as Comarch – to ensure they meet the current market needs
Funds to be used to expand operations and produce original content
Financing deal for US-based BlueNalu is largest to date in the cell-based seafood industry
Upon full commercial operation, the plant is expected to reduce Abu Dhabi’s CO2 emissions by more than 2.4 million metric tons per year
The world’s largest crude exporter is relying on more borrowing as it grapples with the impact of the twin economic shocks caused by oil market turmoil and the coronavirus pandemic
The Finance Ministry has partnered with Saudi British Bank, Samba Financial Group and National Commercial Bank
The British maker of aircraft engines said last month it intends to raise as much as GBP2.5bn
Marafiq’s shareholders include the Public Investment Fund, Saudi Arabian Oil Co. and Saudi Basic Industries Corp