Browsing: Commercial bank of Dubai

In a strategic move to empower UAE exporters and advance the nation’s economic diversification goals, the Abu Dhabi Exports Office (ADEX) has signed a US$ 235 million (AED 863 million) syndicated loan agreement with Japan’s Sumitomo Mitsui Banking Corporation (SMBC) and Commercial Bank of Dubai (CBD) to support Trafigura, a market leader in the global commodities industry, to acquire commodities originating from the UAE. The agreement underscores ADEX’s commitment to strengthening the UAE’s position as a globally competitive trade hub while accelerating the country’s sustainable economic development.