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UAE’s ADNOC signs agreement to obtain $3 billion loan


The Japan Bank for International Cooperation said in a statement today, Thursday, that the Abu Dhabi National Oil Company (ADNOC) has entered into an agreement with it and four other banks to obtain a loan of three billion dollars.

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The statement said that the Bank of Japan will provide 2.1 billion dollars of the loan, while the rest of the loan amount will be provided by Sumitomo Mitsui Banking Group, the Tokyo branch of HSBC Bank, Mizuho Bank and Mitsubishi UFG Financial Group.

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