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Dubai’s FDI soars 41% to AED38.5bn in 2018

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has expressed his happiness at Dubai’s number one ranking globally among the ‘Top FDI Performers 2018’ and termed the achievement “a precursor to Dubai’s future achievements.” Sheikh Hamdan said, “We are proud to announce the latest results of ...

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Etihad Airways to seek $600m loan for planes

Bloomberg Etihad Airways PJSC is seeking a loan of about $600 million to help make initial payments for planes, according to people familiar with the matter. Abu Dhabi’s state-owned carrier is arranging the loan on its own and has reached out to banks that may be willing to provide the unsecured facility with maturity of one or two years, said ...

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Dubai Islamic Bank mulls Noor Bank’s acquisition

Bloomberg Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, is considering buying Noor Bank PJSC, people with knowledge of the talks said. The bank has held preliminary discussions with Dubai-based Noor Bank’s shareho- lders, said the people, asking not to be identified because the information is private. Discussions are at an early stage and may not lead ...

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