Friday 24 October 2014
 
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Dubai Islamic may boost capital after loan growth

Dubai Islamic Bank may need to enhance its capital reserves if it is to maintain its levels of loan growth, the bank's chief executive said on Wednesday. "If you want to sustain the growth momentum, in order not to limit

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Kuwait petchem firm launches $1bn loan

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1-billion loan into syndication, said bankers. The deal is being led by a consortium of international and l

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Dubai resort Atlantis signs increased $1.1bn loan deal

Dubai's Atlantis, a luxury hotel situated at the top of a palm-shaped manmade island, said it has refinanced an $880-million loan to take advantage of favourable market conditions and secure a better interest rate. As well as

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Egypt says paid back $500m to Qatar

Egypt has paid back $500 million to Qatar and will soon return the remainder of the money the Gulf state deposited into the Egyptian central bank after the 2011 revolution, the bank's governor said on Saturday. Qatar helped pr

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Orpics appoints Trowers as counsel for $2.8bn loan deal

Oman Oil Refineries and Petroleum Industries Company (Orpic) has appointed Trowers & Hamlins as local counsel to advise a consortium of 21 international and local financial institutions on all legal aspects of the financing of a $2.8 billion

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Saudi Emaar Economic City inks $533m loan deal

Saudi Arabia's Emaar Economic City has secured a SR2 billion ($533 million) Islamic murabaha loan from Saudi British Bank (SABB), an affiliate of HSBC Holdings, the company said on Wednesday. The company will use the loan, whi

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Bahrain Steel signs $340m loan facility

Bahrain Steel, previously known as Gulf Industrial Investment Company, has successfully closed the syndication of its $340-million senior secured term and revolving credit facilities. The facilities are split between a seven-year

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Dubal holds talks with banks on raising loan

Dubai Aluminium (Dubal) has held talks with banks about raising a loan to help fund its general operations, the first time the firm has commissioned such a facility in years, three banking sources told Reuters. While it is a rarit

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Naseej-Eskan in key property deal

Bahrain-based real estate developer Naseej has signed an agreement with Eskan Bank enabling the bank's loan allottees to buy property at the Al Madina Al Shamaliya or the new North Town being built in Bahrain. Naseej managing

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Oman Oil inks $1.85bn two-part loan facility

Oman Oil Company, the sultanate's state-run oil firm, has completed a $1.85 billion two-part loan deal with a group of mainly international lenders, two sources familiar with the matter, with the cash to be used for general business purposes

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