Tuesday 29 July 2014
 
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ENBD repays final $1.1bn of govt support

Emirates NBD, Dubai's largest lender, has repaid the remaining 4 billion dirhams ($1.1 billion) of support which it received from the United Arab Emirates government in 2008, the country's finance ministry said. The UAE mi

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DP World signs $3 billion loan deal

DP World, a leading port operator, has signed a $3 billion loan deal, becoming the latest Dubai entity to take advantage of buoyant funding conditions to improve terms on its debt.   The new five-year facility is

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Jordan in $40m water project loan deal with KfW

Jordan has signed a 30 million euros ($40.8 million) loan deal with the German Development Bank (KfW) recently for the Water Resources Management Programme in its third phase, said a report.   The third phase of

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ABC to raise $500m loan, picks arrangers

Bahrain's Arab Banking Corp chose four banks to arrange a $500 million loan of three years duration, a statement from the lender said on Thursday, with funds to be used for general business purposes. The facility, to be arrang

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Bahrain approves $36m in home loans

A second batch of 402 eligible applicants will receive BD14 million ($36.9 million) in housing loans - 200 purchase loans, 157 repair loans and 45 construction loans.   The Housing Ministry has already granted th

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Oman's Bank Dhofar plans capital-boosting loan

Omani lender Bank Dhofar , currently in merger talks with smaller rival Bank Sohar, plans to raise a $75 million subordinated loan to help boost its capital reserves, the bank said in a statement on Thursday. The loan plans, which

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Yemen gets $168m loan from Arab Monetary Fund

The Arab Monetary Fund (AMF) said it will provide a $168 million loan to Yemen to help support reforms in the the country. Financial aid from abroad, which has been slow to arrive, has become a lifeline for Yemen, where the econom

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Oman's Electricity Holding plans $2.1bn fundraising

Oman's Electricity Holding Company, the holding firm for all electricity firms in the sultanate, plans to raise 800 million rials ($2.08 billion) from a loan or bond issue by the middle of next year, its chief executive was quoted as saying.

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Oman's Electricity Holding plans $2.1bn fundraising

Oman's Electricity Holding Company, the holding firm for all electricity firms in the sultanate, plans to raise 800 million rials ($2.08 billion) from a loan or bond issue by the middle of next year, its chief executive was quoted as saying.

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Borse Dubai refinances $500m loan at ultra-cheap rate

Borse Dubai, the emirate's holding company for its stock exchanges, has refinanced a half-billion dollar loan at an ultra-low rate, setting the seal on its recovery from a financial crisis several years ago. The company agreed

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