Sunday 7 February 2016
 
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Iraq to raise cash for port project through share sale

Iraq plans to help raise funds to build the Faw container port terminal on the Gulf by selling shares in the company behind the project, as low oil prices squeeze the government's finances, officials said on Saturday. The term

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Aramco seeks $4.7bn loan to extract Sinopec JV cash

Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday.

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Aramco seeks $4.7bn loan to extract Sinopec JV cash

Saudi Aramco, the kingdom's state oil giant, is seeking to borrow $4.7 billion from banks to refinance capital used to build a refinery in collaboration with China's Sinopec, three sources with knowledge of the matter said on Tuesday.

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Qatar Insurance proposes cash dividends, bonus shares

Qatar Insurance has proposed a 2015 cash dividend of 25 per cent plus a 10 bonus share issue, it said on Sunday. A 25 per cent cash dividend equates to QR2.50 ($0.6867) per share. This would be slightly higher than the company'

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GCC expats ‘sent home $80 billion’

Foreigners working in the GCC sent home $80 billion last year alone, according to a labour expert. Cash transferred from the GCC accounted for one-fifth of remittances to developing countries, said International Organisation for Migration (IOM

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SABB proposes $0.11 per share H1 cash dividend

The board of Saudi British Bank (SABB), an affiliate of HSBC Holdings, has recommended a cash dividend of SR0.40 ($0.11) per share for the first half of the year, the bank said in a bourse filing on Thursday. It is the first time

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Greek banks may run out of cash soon

Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country's financial system said. With withdrawals from cash machines rationed to a ma

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Greek banks may run out of cash soon

Greek banks could start to run out of cash over the next two days if creditors do not agree to a new aid deal, two sources familiar with the country's financial system said. With withdrawals from cash machines rationed to a ma

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HolidayMe.com introduces 'Pay in Cash' feature

HolidayMe.com, Middle East’s first customised holiday booking portal, now allows customers to do their bookings online and make payments in cash later. The ‘Pay in Cash’ payment facility is currently available on all h

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Isa Award for Indian activist

An Indian social worker will pick up a $1 million cash prize and a gold medal from His Majesty King Hamad of Bahrain next month in recognition of his humanitarian work. Dr Achyuta Samanta was yesterday (May 13) named as the recipi

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