Emirates Integrated Telecommunications Company, known as du, has released remarkable financial results for the year 2024. The telecom operator reported a net profit surge of 49.1 percent, reaching AED 2.49 billion. Additionally, company revenues saw a 7.3 percent increase, totaling AED 14.64 billion, as reported by state media. The board of directors at du has...
The OPEC Fund for International Development is providing a loan of US$50 million to enhance the rehabilitation, upgrading, and maintenance of National Route PY22 and its access roads in the Concepción department of northern Paraguay. This funding is part of a larger initiative that includes a US$135 million loan from CAF – Development Bank of...
Aldar Properties, Abu Dhabi’s largest publicly listed developer, has secured a Dh9 billion ($2.45 billion) sustainability-linked revolving credit facility. The funding, obtained from a group of 15 UAE-based and international banks, strengthens Aldar’s liquidity position, now reaching nearly Dh27 billion. The five-year facility includes both conventional and Islamic financing options and is available in UAE...