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ECI-HSBC pact to help UAE firms access global markets

Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...

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Aramco falls below $2tn as stock extends decline

Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included ...

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Etihad Rail awards AED4.6bn contract to Chinese joint venture

Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has supervised a board meeting during which he approved a AED 4.6 billion ($1.25 billion) tender for the civil works and construction of Package D of Stage Two of the UAE’s national railway. Package D ...

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