BusinessLatest Business and Company Updates
Ittihad International Secures $450 Million Sustainability-Linked Credit Facility
Abu Dhabi-based Ittihad International Investment LLC has secured a $450 million sustainability-linked revolving credit facility with a consortium of local banks. The facility was arranged by Emirates NBD, Commercial Bank of Dubai, and First Abu Dhabi Bank, serving as mandated lead arrangers and bookrunners, as well as sustainability joint
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Lavrov Criticizes France for Detention of Telegram Founder
Russia's Foreign Minister Sergey Lavrov criticized France for detaining Telegram founder Pavel Durov, claiming that the move was an attempt to gain access to the messaging app’s encryption codes. Lavrov’s remarks, which were made during a press briefing, have intensified
DEWA reports record financial results for H1 2025
Dubai Electricity and Water Authority has unveiled its strongest-ever financial performance for the first half of 2025, with significant growth across all key metrics. The company achieved an impressive revenue of AED14.6 billion, an EBITDA of AED7.0 billion, and
WHO Requests $135 Million for Global Mpox Response
The World Health Organization (WHO) has initiated a global response plan to address the mpox outbreak, seeking $135 million in funding to coordinate international efforts. This new initiative comes as mpox, previously known as monkeypox, has emerged as a significant
