Wednesday 4 May 2016
 
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KNPC signs $4bn loan for Clean Fuels Project

State-owned refiner Kuwait National Petroleum Company (KNPC) signed on Thursday the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country's economic development plan. The tra

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Saudi Arabia close to securing $10 billion bank loan

Saudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices.

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Saudi Arabia close to securing $10bn loan

Saudi Arabia is close to securing a $10 billion loan from banks, sources told Reuters on Wednesday, as the world's top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had initally bee

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Yasref refinery gets $4.7bn international loan

An oil refining joint venture between national oil firm Saudi Aramco and China's Sinopec has obtained a $4.7 billion syndicated loan to refinance shareholder funds used for its construction, the venture said.  

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Britain could offer loans to tempt buyer for Tata steel plant

Britain said it could offer state loans to tempt a private bid for Tata's loss-making Port Talbot steelworks as Prime Minister David Cameron scrambles to save at least 10,000 jobs thrown into jeopardy by a global steel crisis.

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Acwa, China's Harbin near $1.4bn loan deal for Dubai plant

A consortium including China's Harbin Electric and Saudi Arabia's Acwa Power aims to secure a loan of up to $1.4 billion before the end of the second quarter to finance a 1,200 MW clean coal power plant in Dubai, UAE, sources told Reuter

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Acwa, China's Harbin near $1.4bn loan deal for Dubai plant

A consortium including China's Harbin Electric and Saudi Arabia's Acwa Power aims to secure a loan of up to $1.4 billion before the end of the second quarter to finance a 1,200 MW clean coal power plant in Dubai, UAE, sources told Reuter

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UAE Exchange, Travelex secure $890m loan

The majority shareholders of UAE Exchange and Travelex have closed an $890 million loan that will be used to support the two foreign exchange companies' growth plans, according to a statement on Monday. The loan, which can be

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World Bank gives Lebanon $100m loan for education

The World Bank granted Lebanon a $100 million loan to support educational projects, but said support worth 10 times as much was being held up by the country's prolonged political paralysis.   World Bank Presi

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Aabar Investments wins $4bn loan deal

Aabar Investments, an Abu Dhabi-based diversified investment company, has signed a €3.6 billion ($4.056 billion) loan facility with a syndicate of global banks. The five-year senior unsecured, non-guaranteed facility serves t

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