DUBAI / WAM United Arab Bank (UAB) announced the successful conclusion of its $185 million syn- dicated term financing facilities signed on July 30. The two-year bullet term financing facilities comprise a conventional facility and a commodity murabaha financing facility, each carrying a margin of 1.50 % p.a. over Libor. Both facilities have a 1-year extension option at the end ...

Bloomberg President Donald Trump defended his use of tariffs that have inflamed tensions with China and Europe, telling an audience of diehard supporters that playing hardball on trade is “my thing.” “We have really rebuilt China, and it’s time that we rebuild our own country now,” Trump said during about an hour of free-wheeling remarks at a rally outside Columbus, ...

DUBAI / WAM Master developer Nakheel is investing AED15 million to increase boat mooring capacity on Palm Jumeirah, with two new marinas that will bring the total berths on the island to 600. New marinas are on the way at Nakheel’s Azure Residences waterfront apartment and resta-urant complex on island’s eastern trunk, and at The Pointe, Nakheel Malls’ upcoming sea-front ...