Business & Management

Masdar signs region’s first green revolving credit facility

masdarMasdar, Abu Dhabi renewable energy company, has signed a green revolving credit facility (RCF) with four local and international banks to provide funding for new and ongoing investments in its global clean technology and sustainable real estate projects

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Saudi Arabia invests US$133.3bn in industrial and service projects

saudi alfalihSaudi Arabia has invested US$133.3bn in industrial, service and logistics projects and contracts in its efforts to cut dependence on oil and in diversifying the national economy

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The UAE’s economy robust, further growth predicted

TRME UAEflagThe introduction of value-added tax (VAT) will substantially strengthen and diversify the UAE government revenues in the coming years, according to a recent statement released by the International Monetary Fund (IMF)

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UAE Cabinet approves US$16.42bn 2019 budget

TRME SheikhMoHH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister and Ruler of Dubai, has approved a zero-deficit federal budget of US$49bn for the next three years (2019-2021)

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Alimak rebrands product and service offering

alimak triple x mammoth systemSweden-based Alimak Group has decided to drop the Hek from the product brand Alimak Hek and to launch a new brand – Alimak Service, to cover the offerings of the after-sales business area

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