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FINANCIAL NEWS
Dubai aims USD2.5bn loan to enlarge metro for expo
22 Sep 2016
(MENAFN) Dubai is aiming USD2.5bn in loans in order to finance a 15-kilometer extension of its above-ground metro line to the World Expo site.
Moreover, funding is predicted to be offered by global banks, while the ECA-backed facility has a maturity of 18 years, while the commercial loans has 10-year tenor.
Dubai Road & Transport Authority awarded USD2.9bn in June metro-rail deal to a consortium including France”s Alstom, Spain”s Acciona and Turkey”s Gulermak Agir Sanayi Ve Taahhut.
The country predicts to double the number of visitors to the emirate to 20mn by the time of the global trade and tourism event, which may spend USD8bn of infrastructure projects.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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