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FINANCIAL NEWS
UAE- Gems Education receives USD544m loan
23 Apr 2013
(MENAFN) Gems Education Founder and Chairman, Sunny Varkey stated that the company has received USD544 million in finance, to develop various educational facilities in the UAE, reported Emirates 24/7.
Several local and international firms are participating in the investment of a facility aimed at reinvesting money into various projects across the UAE and the region.
Financing for the facility came from a number of commercial banks. Deloitte, Allen & Overy and Hogan Lovells will act as advisors for the facility.
Gems Education aims to establish the latest in education facilities, while incorporating different international curriculums in order to meet future demand from the ever growing education sector.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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