ABU DHABI / WAM Dubai Aerospace Enterprise (DAE) on Wednesday announced that it has signed a new four-year unsecured revolving credit facility arranged by Emirates NBD as sole mandated lead arranger and bookrunner. The initial commitment of $535 million is from a group of eight regional banks. The accordion feature allows the facility to be increased to up to $600 …

DUBAI / WAM Dr Matar Al Neyadi, Under-Secretary of the Ministry of Energy and Industry in the government of the UAE, opened the three-day 22nd Middle East Iron and Steel Conference in Dubai by discussing ongoing regional and international trends, and how the iron and steel sectors of the GCC could work towards mitigating risks inherent in a turbulent international …

Emirates Business The Federal Tax Authority (FTA) asserted that all preparations were complete by the system operator ahead of launching phase two of the tax refunds for tourists scheme next Sunday (December 16), whereby the scheme would cover 12 air, land, and sea ports across the country. Phase two comes on the heels of the previous phase of implementing the …