DUBAI / Reuters United Arab Emirates’ healthcare provider NMC Health has raised a $2 billion loan which will be used for general corporate purposes and partly to refinance existing debt, sources familiar with the matter said. The fundraising, completed earlier this month, was provided by a consortium of banks including Citi, JPMorgan and Standard Chartered, the sources said. London-listed NMC ...

ABU DHABI / WAM Masdar, Abu Dhabi Future Energy Company, announced the signing of a Memorandum of Understanding (MoU) with the Korea Energy Agency (KEA) for renewable energy collaboration and investment between the South Korea and the UAE. Mohamed Jameel Al Ramahi, Masdar’s CEO and Dr. Nam Hoon Kang, President and CEO of KEA, signed the MoU, which coincided with ...

DUBAI / WAM Smart Dubai has signed an agreement with Swedish trade and investment board, Business Sweden, at its headquarters in Dubai Design District (d3). The agreement seeks to encourage cooperation and exchange of expertise between the two sides with regards to advanced technologies, such as blockchain, artificial intelligence (AI) and the Internet of things (IoT). It also fosters cooperation ...