Emirates NBD has signed a US$350 million aircraft financing agreement with Emirates Airline to support the delivery of two Boeing 777-200LRF freighters.
The facility will boost Emirates SkyCargo’s fleet expansion and reinforce Dubai and the UAE’s role as a global logistics hub © Mena Today
Emirates NBD has signed a US$350 million aircraft financing agreement with Emirates Airline to support the delivery of two Boeing 777-200LRF freighters.
The facility will boost Emirates SkyCargo’s fleet expansion and reinforce Dubai and the UAE’s role as a global logistics hub.
This is Emirates NBD’s first direct freighter mortgage-style financing with the airline, secured after a competitive process. For Emirates, it also marks the first time using a mortgage-based structure without an offshore Special Purpose Company, reflecting a more streamlined financing approach.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the deal demonstrates the bank’s commitment to supporting sectors driving the UAE’s economic vision.
Michael Doersam, CFO of Emirates Group, added that the agreement highlights Emirates’ strategy to diversify financing sources with innovative structures.
Tech giant Microsoft announced on Monday a massive $15.2 billion investment plan in the United Arab Emirates (UAE), primarily focused on artificial intelligence (AI) and cloud infrastructure, reinforcing the Gulf nation's ambitions to become a regional AI hub.
The Kuwaiti government has officially banned the purchase of gold and jewelry with cash, in a move aimed at strengthening financial transparency and combating illicit activities.
PureHealth Holding PJSC, the largest healthcare group in the Middle East, reported solid financial results for the nine months ending 30 September 2025, with AED20.1 billion in revenue, up 6% year-on-year. EBITDA rose 11% to AED3.5 billion, while net profit increased 8% to AED1.55 billion.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.