Ezz Steel, Egypt's largest steelmaker, has signed a long-term financing agreement with two banks worth EGP1.7 billion ($236 million) to help it restructure its debt.
The loan will be repaid in quarterly instalments over seven
Abu Dhabi's Waha Capital, the largest shareholder in New York-listed aircraft leasing firm AerCap Holdings, plans to raise a $700 million loan mainly to refinance existing debt, three banking sources aware of the matter said.
Abu Dhabi's Emirates Steel is in talks with banks for a $1.3 billion loan to help refinance an existing facility and raise cash to purchase assets from its parent firm, three banking and industry sources aware of the matter said on Wednesday
Dubai is not currently in negotiations with Abu Dhabi to refinance $20 billion of crisis-related debt that will come due in 2014, a top Dubai official said on Tuesday.
As its real estate market crashed and state-linked companies s
Abu Dhabi developer Aldar Properties laid out plans to cut its $3.8 billion debt by more than half in coming years as it starts to recover from a real estate slump and reaps the benefits of a merger with its main rival.
Abu Dhabi Islamic Bank (ADIB) has closed a 1.32 billion dirhams ($360 million) syndicated Islamic facility for one of the largest operator's and owner of jack-up barges in the region, it said on Sunday.
The deal will help meet
Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas (LNG), signed a $917 million loan refinancing deal with Qatar National Bank, Nakilat said in a statement on Tuesday.
No details of
Etisalat's Nigeria affilate has signed a $1.2 billion refinancing loan with 13 Nigerian banks, the United Arab Emirates' leading telecom operator said on Tuesday.
The medium-term facility will be used to refinance an exist
GEMS Education, a UAE-based education company, has raised a 2 billion dirham ($545 million) loan from local banks for new investments in schools in the region and for refinancing, a company statement said on Sunday.
The loan, whic