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ADCB in port terminal financing deal, shares slip

The Abu Dhabi equity market gauge ADXGI lost 0.47 per cent lower at 4,429.79 points on Monday, January 5.

Abu Dhabi Commercial Bank (ADCB), the third biggest lender in the UAE capital, was off 0.90 per cent at AED6.59. On Sunday, ADCB said that it would provide Abu Dhabi’s Khalifa Port AED300m ($81.75m). The container port aims to expand its capacities to 2.5m TEUs (twenty-foot equivalents) per year.

The port grew by 20 per cent p. a. since it launched operations in December 2012.

Gérard Al-Fil