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Strata, Italian company to collaborate in aerospace sector

Abu Dhabi / Emirates Business Strata Manufacturing PJSC (Strata), the advanced composite aerostructures manufacturing company wholly owned by Mubadala Investment Company PJSC (Mubadala), signed a Cooperation Agreement (CA) with Dema SpA, the Italian aerospace company headquartered in Naples. The agreement will enable Strata and Dema SpA to create a roadmap that will enable both companies to transfer knowledge and exchange ...

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Mashreq leads Stanbic Kenya loan syndication for $100mn

DUBAI / Emirates Business Mashreq bank, the UAE’s leading financial institution closes a $100 million dual tranche syndicated term facility for Stanbic Kenya Bank Limited (Stanbic Bank Kenya) – a subsidiary of the Standard Bank Group (SBG). The transaction closed nearly two and a half times oversubscribed. Mashreq, the sole coordinating bank and book-runner for Stanbic Bank Kenya’s fourth international ...

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Impact of VAT in UAE under focus at Noor Bank meet

DUBAI / Emirates Business Noor Bank, one of the leading Shari’a-compliant banks in the UAE, on Wednesday announced the launch of the Noor Business Council (NBC), which is a thought leadership platform. Bringing together SMEs and large corporate clients of Noor Bank, the NBC has been designed to serve as a platform to discuss topics relevant to the business landscape, ...

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