#Financing

UAE-based startup North Ladder secures $5m Series A funding

North Ladder is a trading platform for pre-owned luxury assets and electronics

Abu Dhabi Fund for Development

ADEX inks Dhs22m deal to finance UAE’s Jenaan sugar refinery project in Egypt

Jenaan to import raw materials from Borouge to manufacture and supply irrigation systems

The SME loan journey: How can it be made easier?

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

Starzplay secures $25m debt financing from Abu Dhabi-based Ruya Partners

Funds to be used to expand operations and produce original content

Prince Khaled’s KBW Ventures joins $60m financing round for cell-based seafood company

Financing deal for US-based BlueNalu is largest to date in the cell-based seafood industry

UAE’s Taqa confirms financial closing for Al Dhafra solar power plant

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

Saudi Arabia won’t tap debt market again in 2020, minister says

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

Saudi banks sign supply chain financing deal with government

The Finance Ministry has partnered with Saudi British Bank, Samba Financial Group and National Commercial Bank

Rolls-Royce preparing announcement on equity issuance

The British maker of aircraft engines said last month it intends to raise as much as GBP2.5bn

Saudi’s Marafiq gets $280m to build Jeddah sewage treatment plant

Marafiq’s shareholders include the Public Investment Fund, Saudi Arabian Oil Co. and Saudi Basic Industries Corp