Istithmar World

January 20, 2009 - 4:55am

Dubai Aerospace Enterprise (DAE) has arranged $800 million in loans and revolving credit to fund “general corporate purposes.” The fresh capital, available on a three-year term, has come from a group of banks including Citibank, Deutsche Bank, Emirates Bank International, Lloyds TSB Bank and Noor Islamic Bank.

December 6, 2006 - 7:46am

Continuing to reduce its reliance on oil exports through diversification, Dubai is backing a $15 billion plan to establish an aviation manufacturing and services industry to add to its portfolio. Dubai Aerospace Enterprise (DAE) will oversee six subsidiary companies that in turn are expected to address 14 related industry segments.

 
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