McDermott announced completion of comprehensive refinancing on September 21, including $500 million in equity financing and $550 million of secured Nordic bonds maturing in 2031.
The package also includes a new long-term letter-of-credit and guarantee facility and revolving credit. McDermott aims to extend maturities and improve financing certainty for project execution. This is financing rather than a new EPC award or energy plant investment.
The Arab Federation of Capital Markets reported an 18 percent year-on-year increase in January–September trading value, alongside higher share volumes and transaction counts.
Central bank data showed monthly growth in lending and deposits. Non-resident deposits rose 6.8 percent, the fastest reported increase among deposit categories.
Emirates News Agency, reporting Central Bank of the UAE data3 min read
The approved loan supports reforms covering business licensing, worker protections, energy investment, capital markets and finance access for smaller firms.
News
Illustration