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Atlantis, The Palm, seeks $850m loanAtlantis, The Palm, is raising an $850 million syndicated loan to refinance existing debt and provide new funds, banking sources said. Dubai's iconic is More… |
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Morocco eyes $4bn loan from AfDB in 2013-16Morocco expects to win $1 billion in loans per year from the African Development Bank (AfDB) over the next four years as the country looks to make full use of the bank's funds, the Moroccan Finance minister Nizar Baraka said. More… |
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Oman Oil plans $5bn loan for new refineryState-run Oman Oil Company is talking to bankers about raising a $4 billion loan to build an oil refinery in the southern coastal town of Duqm, a major part of the government's effort to build the country's industrial base. More… |
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Zain Saudi extends life on $3bn of loansZain Saudi has extended the maturity on $3 billion of loans for up to five weeks, the loss-making telecoms operator said in a bourse statement on Tuesday. The company, an affiliate of Kuwait' More… |
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Zain signs three-year $700m loanKuwait's largest telecom operator Zain has signed a $700 million loan, the company said in a statement on Wednesday. The loan is a three-year revolving credit facility and will be used for g More… |
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Morocco agrees $2.4bn loan deal with IDBMorocco expects to sign a $2.4 billion loan deal next month with the Saudi-based Islamic Development Bank (IDB), a Moroccan official told Reuters on Tuesday. The North African country has agreed a package with the IDB under which More… |
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IMF, Egypt hope to reach deal 'in coming weeks'The International Monetary Fund and Egyptian officials said they were working to reach a deal on a proposed $4.8 billion loan in "coming weeks," citing progress in weekend talks in Washington. More… |
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GEMS Education raises $545m loan for expansionGEMS 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 More… |
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Ooredoo secures $12bn loan for Maroc Tel bidQatar's Ooredoo, formerly Qatar Telecom, has lined up a loan of up to $12 billion from a group of 10 banks to support its bid for Vivendi's stake in Maroc Telecom, several bankers working on the deal said. The loan is bein More… |
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Etisalat draws strong bank demand for Maroc Tel bidAbu Dhabi telecom group Etisalat is set to sign an $8 billion loan facility next week with as many as 16 banks to help fund its Maroc Telecom stake bid, bankers said. The availability of credit highlights demand for high-quality G More… |
