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FINANCIAL NEWS
Dubai’s GEMS to raise USD 250mn for expansion
25 Apr 2016
(MENAFN) Dubai’s GEMS Education raised a USD 250mn loan to build new schools in the Gulf Cooperation Council states and other nations.
Moreover, the firm obtained the three-year loan in dollars and dirhams, more than 80 percent of which will be paid at maturity and the remained over the loan’s life.
In addition, Dubai’s main banks were amidst the one which provided the funds, whereas United Arab Bank and Barwa Bank didn’t respond to calls.
GEMS Education recorded a 13 percent increase in income to USD 467mn in the financial half-year ended Feb. 28 as student employments jumped to 98,849.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
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
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