Empower is second listed UAE company to refinance
Tag: loan
IMF board approves $7 billion Pakistan loan agreement
Washington: The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the…
Saudi Arabia’s agricultural funds boosts food sector, $533m loan
Dubai: Saudi Arabia’s agricultural development fund (ADF) approves $533.33 million (Dh1.9 billion) in loans and credit facilities to boost food sustainability and security across the country. This funding will support various agricultural…
AD Ports Group refinances $2.25 billion syndicated loan facility
The company has been on an expansive investment and acquisition strategy through the last two years, whether that’s building or managing ports in overseas markets or corporate dates that gave it new…
What's cheaper for you? Topping up an existing loan or applying for a new one?
Dubai: Let’s say a loan you’ve taken to buy a home or a car falls short, then you may need to borrow additional money to bridge the gap. You would then have…
Applying for a loan? Know what type of interest rates work better for now
Dubai: With interest rates now expected to not rise further than it is worldwide, should you be doing anything differently when applying for a loan? For instance, would you benefit if you…
New in UAE and need a loan? Your guide to borrowing without credit history
Dubai: Looking to borrow money for your master’s degree, wedding, medical bills, or a new car in Dubai? If your savings are insufficient, you might consider applying for a loan from your…
Loan growth aids H1 profits, 2024 guidance hike at ADCB
While total assets of Dh612 billion increased 17 per cent from last year and 8 per cent in the year so far, net loans of Dh332 billion were up 22 per cent year-on-year. New credit…
UAE residents start getting loan deferments on their April 16 rain damage claims
Banking sources say there had been a rush of loan deferment requests in recent days, with clients sending in pictorial evidence of damages sustained by their vehicles after the deluge. The highest…
Loan growth at ADCB drives 26% rise in Q1 pre-tax profit to Dh2.431b
Abu Dhabi Commercial Bank (ADCB) recorded net profit before tax of Dh2.431 billion during the first quarter of 2024, an increase of 26 per cent, primarily driven by solid loan growth in the…