Banking and Finance

Middle East banking and finance news and analysis, tenderscontracts awarded, commentary and economic data.

Dubai Aerospace to raise $1bn

Dubai Aerospace Enterprise (DAE) is looking to raise a $1bn three-year syndicated loan, and has appointed Citigroup, Deutsche Bank, Emirates NBD and Lloyds TSB to arrange the deal.
Illustration - Dollar in the clouds

Special Report: Banking - Gulf bank growth accelerates

There is consensus in the banking community that 2008 will be a much better year for the industry than 2007. A stormy 2007 revealed the full impact on banks of the 20-month-long market crash that began in February 2006, which triggered severe falls in advisory fees.