UAE sovereign wealth fund Adic is backing a new European lending company, increasing its exposure to private credit markets. European Credit Company (ECC) will have a lending capacity of €10 billion ($11 billion).
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Saudi Awwal Bank (SAB) and the Cultural Development Fund (CDF) have signed a financing agreement to support the development of a new museum in Riyadh, offering visitors an interactive experience that explores aspects of the Kingdom’s history and cultural…
Kuwait faces substantial debt repayments next year as increased government borrowing and pressure on oil revenues add to its fiscal challenges. The government must repay $6.1 billion, plus interest, in domestic and international debt next year, according to…
Saudi Arabia’s Public Investment Fund has raised the equivalent of $3 billion in credit facilities, guaranteed by Italy’s export credit agency SACE to support procurement from suppliers and expand business cooperation with the European country.
Fitch Ratings has affirmed Abu Dhabi’s long-term issuer default ratings at “AA” with a stable outlook, citing the emirate’s high gross domestic product per capita, very strong fiscal and external metrics, and low government debt.
