BusinessLatest Business and Company Updates
Emirates NBD Backs AED 3.9 Bn Funding for Dubai’s Blue Metro
Emirates NBD has arranged AED 3.9 billion in fully underwritten syndicated bonding facilities to support the MAPA‑LIMAK‑CRRC consortium building Dubai’s Metro Blue Line Project, advancing the emirate’s 2040 Urban Master Plan goals for a world‑class public transport network.The bond will cover part of the AED 20.5 billion contract awarded by the Roads and Transport Authority
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OPEC+ Faces Hesitation Over Production Cuts Amid Supply Surplus
Oil traders are expressing doubts over OPEC+'s ability to implement production cuts next year, despite forecasts predicting a looming global supply surplus that could push prices even lower. A recent survey conducted by Bloomberg News revealed that nearly two-thirds of
Aldar lines up banks for dollar hybrid note sale
Aldar Properties PJSC, Abu Dhabi’s largest property developer and real estate asset manager by total assets, has appointed a syndicate of global and regional banks for a planned US dollar-denominated hybrid notes issuance, a move that underscores the company’s intention
Swiss Skincare Firm Galderma Hits SFr 2.6bn Stake Sale
Shareholders of the Zurich-listed skincare company Galderma Group AG have secured approximately SFr 2.6 billion through a sale of an 8.4 per cent stake via accelerated book-building, making it the largest secondary share placement since the firm’s IPO. The
