Dubai Aerospace secures $480m before 400-jet deal

DUBAI 22 May 2018: Dubai Aerospace Enterprise (DAE) Ltd. announced today that it has signed a landmark unsecured four-year revolving credit facility with an initial commitment of US $ 480 million and an accordion feature that allows […]

Eibor hits new highs – bank rates to rise?

ABU DHABI 30 April 2018: The interest rates charged by the Emirates Inter-Bank Offered Rate (Eibor) hit new highs across all terms, according to UAE Central Bank figures. The one-year Eibor booked a significant rise […]

Adnoc gets licence to operate pumps in Saudi

ABU DHABI 23 April 2018: In a significant milestone for Adnoc Distribution’s international growth plans, the Saudi Ministry of Municipal and Rural Affairs (Momra), has awarded the company a license to own, operate and manage […]

Hyperloop plans centre on Abu Dhabi-Dubai border

ABU DHABI 19 April 2018: Hyperloop Transportation Technologies (HyperloopTT) has signed a Memorandum of Understanding (MoU), with Aldar Properties. The MoU that will enable the development of a new urban centre within Aldar’s Seih Al […]

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