BusinessLatest Business and Company Updates
Dubai luxury assets secure CPIPG financing
Emirates NBD has extended a AED367.3 million loan facility to Luxembourg-based CPI Property Group, giving the European real estate investor funding cover for deferred payments on a portfolio of ultra-luxury residential units in Dubai through 2026 and 2027.The transaction, equivalent to about $100 million or €86 million, is secured against
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Daman rating strengthens PureHealth insurance push
PureHealth’s insurance arm, The National Insurance Company – Daman, has secured an A1 Insurance Financial Strength Rating from Moody’s Ratings with a stable outlook, marking a major credit milestone for Abu Dhabi’s expanding healthcare and insurance platform.The rating is the
Kingdom Holding moves on Al Hilal
Kingdom Holding Company has agreed to buy a 70% stake in Al Hilal from Saudi Arabia’s Public Investment Fund, in a transaction that marks a new phase in the Kingdom’s football privatisation drive and puts one of the country’s highest-profile
FAB backs water finance drive
First Abu Dhabi Bank has entered a strategic partnership with Water. org and WaterEquity, placing capital behind an impact fund aimed at expanding access to safe water and sanitation across emerging markets.The Abu Dhabi lender has invested in the WaterEquity
