Friday 26 May 2017
 
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Funding

ADFD provides $191m funding for Bangladesh projects

The Abu Dhabi Fund for Development (ADFD) has allocated funds worth Dh700 million ($191 million) for key infrastructure development projects in Bangladesh, according to a report. The ADFD has provided the Bangladeshi government wi

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Tamkeen, BDB increase funding support to entrepreneurs

Bahrain’s labor fund Tamkeen and the Bahrain Development Bank (BDB) have increased the funding of their Tamweel programme to support entrepreneurs by BD21 million ($55.71 million) to more than BD240 million ($636.67 million).

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Hotel wi-fi specialist secures $2.1m to fund growth overseas

Airangel, a market-leading guest wi-fi solutions provider for hotels, has secured a £1.7 million ($2.1 million) funding package from Santander Corporate & Commercial to support its further growth. Dow Schofield Watts Tra

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Lankan group secures $35m funding from ME banks

People’s Leasing & Finance, an industry leader in Sri Lanka, said it has successfully raised $35 million in funding from the Middle East market for supporting its general business development and growth.   The three

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Damac's mortgage unit provides $163m funding

Damac Properties, a leading luxury real estate developer in the region, said its in-house mortgage department has so far facilitated home financing worth Dh600 million ($163 million) for hundreds of units across the UAE. It is the only

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Smart Cities: funding, cohesive vision may challenge projects

Securing adequate funding and lack of a cohesive vision or strategy to direct projects are the major challenges facing Smart City projects across the world, says a study. The Smart City movement is gaining momentum. Citizen expect

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Robust aircraft fleet demand to support financing, says report

New commercial aircraft funding requirements will continue to grow at a steady pace in 2017 on the back of robust expansion in the global aircraft fleet, Moody’s Investors Service says in its new report. Growth in the availa

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IFC to oversee Masdar solar project funding in Jordan

Abu Dhabi’s renewable energy company Masdar has selected International Finance Corporation (IFC), a member of the World Bank Group, to oversee the funding of the largest solar power plant in Jordan. The announcement follows

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IFC to oversee Masdar solar project funding in Jordan

Abu Dhabi’s renewable energy company Masdar has selected International Finance Corporation (IFC), a member of the World Bank Group, to oversee the funding of the largest solar power plant in Jordan. The announcement follows

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Pacific, Africa projects get $44m Abu Dhabi funding

Four renewable energy projects in developing countries in the Pacific and Africa - Marshall Islands, Niger, Seychelles and Solomon Islands - have been identified by Abu Dhabi Fund for Development (ADFD) and the International Renewable Energy Age

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