Dubai Aerospace Enterprise (DAE) today announced that it has signed an AED2.75 billion (US$750 million) 5-year unsecured term loan with Emirates NBD Bank (ENBD).
Category: Business
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DCT Abu Dhabi forges strategic alliances during debut at Moscow’s International Travel and Hospitality Show
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) made its inaugural appearance at the 30th International Travel and Hospitality Show (MITT) in Moscow, held from 19th to 21st March. Winning the ‘Outstanding Debut Award’, the Abu Dhabi stand took centre stage in the main hall, with the DCT Abu Dhabi International Operations Department and a delegation of 10 stakeholders spotlighting the emirate’s wide array of attractions and offerings.
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ADX witnesses three direct deals on Abu Dhabi Hotels worth about AED135.7 million
The Abu Dhabi Securities Exchange (ADX) saw three large direct deals executed on the stock of Abu Dhabi National Hotels Company today.
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ENBD Capital arranges Lenovo Group’s debut $500 million Middle East RCF
Emirates NBD Capital, the investment banking arm of Emirates NBD, has successfully arranged a US$500 million Syndicated Revolving Credit Facility (RCF) for Lenovo Group Limited. The facility represents Lenovo's first entry into the Middle East Syndicate Loan Market and is aimed at supporting the technology leader's corporate and operational financing needs.
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Hamdan bin Zayed visits Bu Hasa field, praises ADNOC’s efforts in employing AI in production processes
H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that the United Arab Emirates, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, is at the forefront of leveraging cutting-edge technologies like AI to drive sustainable growth and progress, particularly in the energy sector.
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Abu Dhabi Chamber, UAE International Investors Council partner to boost investment
The Abu Dhabi Chamber of Commerce and Industry has proudly announced the signing of a collaboration agreement with the UAE International Investors Council, laying the groundwork for their strategic collaboration in investment and futuristic economic sectors.
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UAE Council for Artificial Intelligence and Blockchain launches award to enhance competitiveness in future sectors
Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, stated that the UAE government is proactively embracing digital transformation and is dedicated to harnessing the potential of artificial intelligence solutions to empower both individuals and communities, while encouraging their adoption to ensure tangible benefits from these advancements.
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Abu Dhabi Chamber, ADGM strengthen strategic partnership to support businesses and investment ecosystem
The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has signed a Collaboration Agreement with the Registration Authority (RA) of Abu Dhabi Global Market (ADGM) to support the business and investment environment and promote the business sectors that fosters growth and innovation in Abu Dhabi.
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Abu Dhabi targets $100 billion AUM for AI investment firm
Abu Dhabi is setting up a technology investment firm targeting deals in artificial intelligence and semiconductors that could surpass $100 billion in assets under management in a few years, according to people familiar with the matter.
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Khalifa Fund launches ‘Business Opportunities in Priority Sectors’ workshop
Khalifa Fund for Enterprise Development has announced the launch of a series of workshops titled "Business Opportunities in Priority Sectors, in collaboration with Sia Partners, a leading firm in growth and innovation.