Economy
Abu Dhabi’s ADNH signs $440m loan to fund Emaar hotels deal
Abu Dhabi National Hotels (ADNH) and First Abu Dhabi Bank (FAB) have signed an AED1.6 billion loan facility agreement. The agreement will provide ADNH with the financing capability to acquire a number of Dubai-based hotels from Emaar Properties.
The agreement was signed by Sheikh Ahmed Mohammed Sultan Suroor Al Dhaheri, vice chairman of ADNH, and André Sayegh, deputy group CEO and group head of Corporate & Investment Banking at FAB.
The portfolio of five hotels includes Address Dubai Mall, Address Boulevard, Address Dubai Marina, Vida Downtown and Manzil Downtown, together with about 1,000 hotel rooms.
As part of the transaction, ADNH will enter into long-term management agreements with Emaar Hospitality to continue operating the assets under the Address and Vida brands.
Win OMR 3,000: ROP & Bank Muscat Launch Cyber Fraud Awareness Short Film Competition
EXCLUSIVE INTERVIEW: Yango’s Big Vision for Oman
Leadership, Transformation Forum Reviews Inspiring Women’s Experiences
OPINION: GCC Navigates Global Macro Volatility as Worldwide Growth Moderates to 2.6%
City Centre Muscat Celebrates 25 Years of Great Moments as Mall of Oman Marks Its Fifth Anniversary
HM The Sultan Accorded Official Reception Ceremony at Windsor Castle
61.7% of Middle Eastern Families Involve the Next Generation As Business Successors or Consultants
Future Fund Oman’s $5.2B Outlook: Where Will the Sultanate’s Next Big Businesses Come From?
Oman and the UK: From Historical Legacy of Over 220 Years to Future Partnership
Sohar International Launches Expatriate Banking Proposition with Housing Loans, Cashback, Insurance & Digital Remittance Solutions
Power And Beyond: The Path To A Low-carbon Future
Al Mouj Muscat unveils Ghadeer Villas
Time to Buy Saudi Stocks? Some Investors Look at Dubai Instead
Hospitality Industry in Oman Estimated 90% Growth in 2022
Renewables are booming, but not fast enough to cap greenhouse emissions
Retail Abu Dhabi’s ‘Unbox Amazing’ generates sales of more than AED 2 billion in participating stores
Saudis Sign Deals From Energy to Metals in Bid to Salvage Forum
Saudi Arabia’s Gold Miner Plans to Be a Global Top-20 Supplier
Technology to drive Sultanate’s downstream industry
Digitization and Logistics Service Providers Can Help SMEs Make the Most of Peak Season Retail Trends
VIDEO: Building Oman’s Future – SAH’s Vision for Infrastructure, Innovation and Growth
VIDEO: Oman Cables Breaks Ground on OMR 10 Million-Plus Plant to Power Oman’s Industrial Future
VIDEO: Hitesh Akarte on Khimji Ramdas Infrastructure’s Role in Oman Vision 2040
Oman’s Hospitality Sector Enters a New Phase of Growth: Sadiq Al Matwani Al Lawati
Amr Baabood: Oman Climate Week Is About Moving From Climate Ambition to Climate Action
Mayan Al Asfoor on Leadership, Legacy and Empowering Omani Talent
LEADERSPEAK: Dhofar Insurance CEO Sunil Kohli on Oman’s Insurance Sector, Reinsurance & Market Outlook
VIDEO: Robert MacLean on how NHI is Shaping Oman’s Next Generation of Hospitality Leaders
The Future of Oman: Decoding The Sultanate of Oman’s Strategic Promotional Nation Brand
EXCLUSIVE: AI, Robotics & Wearable Sensors are Changing the Lives of Dementia Patients
-
Artificial Intelligence1 month agoTop 5 Interesting Things AI Did This Month – September 2026 Edition
-
Fashion4 weeks agoLuxury Watches That Could Appreciate Over the Next Decade [2026 Auction Buyer Guide]
-
Economy3 weeks agoOER Magazine September Edition 2026
-
Banking & Finance2 months agoThe GCC’s 10 Richest Billionaires: Inside US$253.5 Billion of Wealth
-
Banking & Finance1 month agoINVESTIGATION: What If You Bought Apple Stock Every Time You Bought an iPhone?
-
Alamaliktistaad Magazines2 weeks agoAlam Al-Iktisaad Magazine September 2026 Edition
-
News2 months agoOPEC+ Holds Output Steady for October as Focus Shifts to 2027 Quotas
-
Aviation2 months agoWi-Fi at 35,000 Feet: The Real Economics of Installing Starlink on an Airline
You must be logged in to post a comment Login