The deal will provide financial agility to key development projects, including the much-anticipated Mina Al Arab
Financing
Latest in Financing
capital market investors
Dubai Financial Market launches funding platform for companies looking to raise over $9.5m
Dubai Financial Market introduces ARENA by DFM
Financing
Global public debt soars to record $92 trillion: UN Report
The debt burden is being felt acutely by developing countries
financial industry
Saudi financial sector’s combined financing reaches SAR75.45bn in 2022
Financing granted to the individual sector accounted for the largest part at 76%
BNPL
UAE-based BNPL startup Cashew partners with du to offer device financing to customers
The telecom device financing scheme will spread over a 24-month period
Egypt
World Bank approves $400 million financing for Egypt’s GCA railway corridor
The financing is to support the logistics and transport sectors’ shift towards low-carbon transportation
Financing
Islamic Development Bank approves over $1 billion project development financing for nine countries
Approved projects include key sectors such as food security, health, transport, energy, urban development, education, water and sanitation
ADIB
ADIB offers first-ever plot financing to meet rising demand for land ownership
The Abu Dhabi Islamic Bank (ADIB) has launched the scheme to help customers purchase land for investment or to build a home on
Abu Dhabi Exports Office
Abu Dhabi Exports Office signs financing pact with West African 15-member group
The $20 million credit line with ECOWAS Bank is aimed at boosting Emirati exports to the African market
Daman
Daman and Emirates NBD launch early payment scheme for 2,000 UAE medical facilities
The healthcare provider has partnered with the banking group to support businesses operating in the vital sector
acquisition
SHUAA secures $160 million financing facility from NBF, Arab Petroleum Investments for Allianz acquisition
The financing facility is one of the largest secured overnight funding rate (SOFR) based facilities of its size for a leveraged buyout transaction in the region
Capital Markets
Board of Saudi Arabia’s biggest mobile operator recommends 150 percent increase in capital
Saudi Telecom Company (STC) wants to boost its capital to $13.33 billion by offering bonus shares to fund its regional expansion
digital healthcare
Hikma Ventures leads region’s largest seed funding round for mental health startups
Egypt’s O7 Therapy raised $2.1m with participation from C-Ventures, Lotus Ventures, and several prominent angel investors
Dubai banking system
Dubai’s biggest bank inks $750m financing deal for Emirates
‘Landmark’ transaction signed as Dubai airline continues to reopen global network after impact of coronavirus pandemic
Du
Dubai telecoms giant inks $1bn financing agreements
Emirates Integrated Telecommunications Company says proceeds will help support future infrastructure deployment
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business leadership
Protecting SMEs when a business goes bust
Planning for any eventuality in business should be the legal cornerstone of any entity, says Jennifer Blandos and Kellie Whitehead of Female Fusion Network