Monday 30 March 2015
 
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QNB secures $3bn three-year loan

Qatar National Bank (QNB) Group said it has signed a $3 billion three-year loan deal with a group of 20 international lenders to help fund general operations of the bank.     Barclays Bank and HSBC (the co-ordinators), to

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Eskan Bank interest on loan allegations dismissed

Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer. Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging

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Qatar National Bank closes syndication of $3bn loan

Qatar National Bank (QNB) has closed syndication of a $3 billion, three-year unsecured term loan and will sign the deal on March 16, banking sources said. Barclays Bank and HSBC are acting as coordinators on the deal, with Bank of

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Aramco nears $10bn loan deal

Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in German synthetic rubber firm Lanxess.

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Saudi Takween signs $347m loan for Savola unit buy

Saudi Arabia's Takween Industries has signed a SR1.3 billion ($346.6 million) Islamic loan with a group of local banks to fund the acquisition of Savola Packaging Company, it said on Wednesday. Takween in December agreed to bu

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Greece reaches Euro zone loan accord

Euro zone finance ministers have agreed in principle to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ra

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Greece, euro zone agree 4-month loan extension

Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to

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Aramco seeks $10bn loan from banks

State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Ne

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Aramco seeks $10bn loan from banks

State oil giant Saudi Aramco is talking to banks about taking a $10 billion loan for general business purposes, according to two banking sources aware of the matter, with one saying the deal could close by the end of the month. Ne

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Egypt's reforms starting to spur turnaround: IMF

The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011. The uprising that topple

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