A seven-bank syndicate backing a single telecom refinancing tells you something about lender confidence in the UAE’s communications sector. Emirates Integrated Telecommunications Company PJSC, better known as du, has just closed an AED 2 billion revolving credit facility that it does not even need to draw down yet. The du revolving credit facility, valued at … Read more
Six billion dollars aimed at a region where bond markets remain shallow relative to GDP signals more than development financing. It signals that Southeast Asia’s capital market infrastructure is now a strategic priority for multilateral lenders preparing for a more volatile decade ahead. The Asian Development Bank has announced plans to mobilise up to $6 … Read more
A $1.4 billion bet on commercial real estate along Sheikh Zayed Road tells you more about one billionaire’s reading of Dubai’s trajectory than any sentiment survey could. Khalaf Al Habtoor is putting that capital to work at a moment when some developers are trimming prices to keep buyers engaged. The founding chairman of Al Habtoor … Read more
A 33.4% jump in net profit would be noteworthy for any listed company, but for a toll operator embedded in Dubai’s daily commute, it says something specific about the city’s growth trajectory. Salik Company PJSC just gave shareholders more than profits — it handed them the entire second-half bottom line plus an exceptional bonus. The … Read more
