Tuesday 27 September 2016
 
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Saudi Binladin seeks second extension on loan

Saudi Binladin Group (SBG) has requested a second extension on a SR817 million ($217.9 million) Islamic loan being used to fund construction at the kingdom's Grand Mosque, sources aware of the matter said. The talks to delay t

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Saudi Oger faces multi-billion-dollar debt restructuring

The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.

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Alba Line 6 syndicated loan draws huge demand

Aluminium Bahrain (Alba), a leading aluminium smelter, has announced commitments of $1.5 billion for the commercial loan facility to finance the company’s Line 6 expansion project. Alba had originally planned to raise betwee

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Alba Line 6 syndicated loan draws huge demand

Aluminium Bahrain (Alba), a leading aluminium smelter, has announced commitments of $1.5 billion for the commercial loan facility to finance the company’s Line 6 expansion project. Alba had originally planned to raise betwee

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UAE to provide Egypt with 6-year, $1bn deposit

The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of six years, the United Arab Emirates' official state news agency WAM said on Monday. Egypt this month

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In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt fur

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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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Jet Airways in talks with banks for $180m loan

Jet Airways, India's second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on Thursday. The airline, partly-owned by Abu Dhabi's Etihad Airways, l

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Emirates NBD signs upsized $1.7bn loan

Dubai's largest bank, Emirates NBD (ENBD), has taken advantage of strong support from lenders to sign a $1.7 billion three-year loan, $450 million more than it had originally sought, banking sources said on Thursday. Gulf bank

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