China–UAE News
Dubai Aerospace Enterprise Plans $2.1 Billion Loan with Major Chinese Banks
Dubai Aerospace Enterprise (DAE) plans to raise $2.1 billion to meet working capital requirements, according to a Bloomberg report cited by Zawya. The seven-year loan will be arranged by major institutions including Bank of China, ICBC, and China Construction Bank (Asia). The financing will be split into US dollar and UAE dirham tranches.
