Tuesday 2 September 2014
 
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Dubai's Meraas ‘seeks up to $4 billion loan’

Meraas Holding, a state-owned property firm that is developing some of Dubai's most ambitious real estate projects, is in talks with banks to raise up to $4 billion, sources aware of the matter said on Monday. The emirate in t

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Dubai Duty Free reprices $1.75bn loan for second time

Airport retailer Dubai Duty Free (DDF) is repricing a $1.75 billion syndicated loan for the second time in just over a year to obtain more favourable terms, a fresh sign of banks' willingness to lend cheaply to the emirate. Th

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Dubai Duty Free reprices $1.75bn loan for second time

Airport retailer Dubai Duty Free (DDF) is repricing a $1.75 billion syndicated loan for the second time in just over a year to obtain more favourable terms, a fresh sign of banks' willingness to lend cheaply to the emirate. Th

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ABC in $750m syndicated loan facility success

Arab Banking Corporation (ABC) has announced the successful closing of a $750 million syndicated term loan facility. The initial mandated lead arrangers and bookrunners are HSBC Bank Middle East Limited, National Bank of Abu Dhabi

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Bahraini bank ABC upsizes loan facility to $750m

Bahrain's Arab Banking (ABC) has signed to obtain a $750 million three-year loan facility from a group of banks, expanding the facility from an originally planned $500 million. The facility, to be arranged by HSBC, National Bank of

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Emirates agrees to $425m loan for two A380 jets

Dubai's Emirates Airline has agreed to a $425 million loan from a group of banks to fund the acquisition of two Airbus A380 superjumbos, one of the lenders said. Abu Dhabi Islamic Bank (Adib), Commercial Bank of Dubai and Dubai Isla

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IMF to loan $560m to Yemen

Yemen has reached agreement with the International Monetary Fund on a $560 million loan, the finance minister said on Friday, after the government cut fuel subsidies and ordered curbs on public spending. The second poorest Arab country

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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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