Dubai / Emirates Business Emirates Real Estate Fund (EREF) agreed a $190.6 million (AED 700 million) Shari’a compliant finance facility with Emirates NBD, on attractive commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more efficient capital structure with the aim of ultimately enhancing returns to investors. EREF’s fund manager, Emirates NBD …

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets. Carrefour is a subsidiary of …

  ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) issued two licences: the first to transport ‘fresh’ nuclear fuel (i.e. fuel that is unirradiated), and the second to handle and store such fuel at Unit 1 of the Barakah Nuclear Power Plant. The receipt of nuclear fuel will be a first for the UAE, and FANR …