RDIF and China Investment Corporation previously contributed $1 billion each to their fund, which has invested in more than 25 projects in the forestry, infrastructure, consumer goods, financial and other sectors since its establishment in 2012.
Tarek Fahim, the Managing Partner with Endure Capital, an early-stage VC firm with offices in Palo Alto, Cairo and Dubai, shares the same opinion about the need to encourage transparency in the venture capital ecosystem of the region.
ADIB's real estate advisory subsidiary, MPM Properties, awarded 'Property Consultancy of the Year' in Abu Dhabi, 'Real Estate Agency of the Year - Abu Dhabi', 'Award Winner Lettings Agency' in Abu Dhabi; and 'Award
The MoU was signed at RAKBANK’s Al Quoz Branch by Abdul Basit Al Janahi, CEO of Dubai SME, and Peter England, CEO of RAKBANK, in the presence of key officials from both sides.
A Rule 144A/Reg S senior unsecured 10-year bond sale might follow, subject to market conditions, as well as a liability management exercise.
SMEs, which comprise about 95% of the total establishments in the UAE, employ more than 42% of the workforce and are key engines of our economic growth
The establishment of the Integrated Logistics Bonded Zone, or ILBZ, forms part of a larger effort to attract foreign investment into a number of sectors, including ICT, tourism and financial services.