A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the volume of trade between the two entities.

Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement with Capital Bank of Jordan, under which AED73.4 million ($20m) will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies of the two...

Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative.

Dubai has announced the establishment of a Debt Management Office that would be responsible for government's financing requirements, managing the sovereign debt portfolio and setting strategic objectives and policies. It will also be responsible for pursuing risks to ensure government financial sustainability, as well as maintaining high levels of transparency...

Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" program for micro-enterprises, for the first time in the country. Al Dhameen program for micro-enterprises is characterized by a profit rate and distinct conditions. This contains guaranteeing 100 percent of the value of the financing, and...

East Pipes of Saudi Arabia has secured a Shariah-compliant working capital financing of $133 million from Bank Albilad.

The United Arab Emirates' Executive Office for AML/CFT and the Executive Office of the Committee for Goods and Materials Subject to Import and Export Control have launched assessment of proliferation financing risks in the Emirates. The proliferation financing risk assessment will assist the UAE's public and private sectors to implement...

The bonds were 1.8 times oversubscribed.

The agreements are aimed at bolstering Saudi exports.

The UAE and the International Renewable Energy Agency (IRENA) on Wednesday announced the Energy Transition Accelerator Financing (ETAF), a new global climate finance facility to accelerate the transition to renewable energy in developing countries. The UAE committed $400 million in funding provided by the Abu Dhabi Fund for Development (ADFD)...

Moody’s expects Oman’s current account deficit to decline below 4 percent of the GDP in 2021-23 from more than 13 percent in 2020.

FAB is the first bank in the UAE and GCC to join the NZBA.

The Dolphin Gas Project, a natural gas pipeline to transport Qatari natural gas to the United Arab Emirates and Oman is set to receive $3 billion in financing.

Top Saudi banks have seen strong growth in the second quarter of the current fiscal in financing and deposits. According to Alvarez & Marsal, the professional services firm, core operating income rose 8.4 percent from the first quarter to the second quarter of 2021, while L&A increased by 13.1 percent...

The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from the UAE. The development will help in meeting the rising demand for clean natural gas for electricity generation and industry in the KRI.

The property,  constructed in 2012, extends to 100,365 sq ft ADIB offers Sharia-compliant property financing solutions Abu Dhabi Islamic Bank (ADIB) has provided structured Islamic financing to Rasmala Long Income Fund to support its acquisition of a supermarket investment in Hattersley, Greater Manchester. The property, which was constructed in 2012,...