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Waha Capital secures new $500 million credit facility

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ABU DHABI / WAM Waha Capital, an investment management company in Abu Dhabi, has announced the completion of the refinancing of its revolving credit facility with the support of four local and regional banks. The 3-year $500 million revolving credit facility replaces and upsizes the current facility of $400 million. The syndication of the facility was positively received with the ...

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UAE, Iraq discuss plan to form new business council

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ABU DHABI / WAM Abdullah Mohammed Al Mazrouei, Chairman of Abu Dhabi Chamber of Commerce and Industry, and Dr. Mudaffar Mustafa Al Jubouri, Ambassador of Iraq to the UAE, have discussed ways to boost economic relations between the UAE and Iraq. During a recent visit to Abu Dhabi Chamber, the Iraqi Ambassador expressed his country’s interest in boosting economic cooperation ...

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Khalifa Fund grants AED1.32b loans, helps create 15,000 jobs

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Abu Dhabi / WAM Khalifa Fund for Enterprise Development developed and published an ‘Impact Report’, which measures the effectiveness of their funding programmes between 2007-2019, and how their various forms of funding have helped develop SMEs and shape the future of the UAE’s entrepreneurial ecosystem. The 54-page report assessed how the UAE’s economy and GDP were impacted, how the SME ...

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