Sunday 20 April 2014
 
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IMG Theme Park gets $327m Islamic loan

Dubai-based entertainment venue IMG Theme Park has successfully closed a 1.2 billion dirham ($327 million) syndicated Islamic facility, as the company prepares for an increase in the influx of tourists into the emirate. Proceeds w

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IMG Theme Park gets $327m Islamic loan

Dubai-based entertainment venue IMG Theme Park has successfully closed a 1.2 billion dirham ($327 million) syndicated Islamic facility, as the company prepares for an increase in the influx of tourists into the emirate. Proceeds w

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ADCB launches simplified personal loans

Abu Dhabi Commercial Bank (ADCB) has launched ‘SimplyLife,’ a consumer finance brand specialising in simple, quick and accessible personal finance products.   SimplyLife offers a simple application pr

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ADIB closes $326m loan for Dubai theme park

Abu Dhabi Islamic Bank (ADIB) has closed a Dh1.2 billion ($326.6 million) syndicated Islamic facility for IMG Theme Park, the company behind IMG Worlds of Adventure, a mega-themed entertainment destination in Dubai.  

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ENBD may write back Dubai World exposure

Emirates NBD, Dubai's biggest bank, may this year write back its non-performing loan provisions against exposure to conglomerate Dubai World , an executive of the bank said on Monday. "We have sufficient confidence that w

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Saudi Electricity gets $13bn govt loan

State-owned power utility Saudi Electricity Co has been granted an interest-free loan of 49.4 billion riyals ($13.2 billion) from the government to help fund its power generation projects, the company said on Thursday. The company

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BMI launches new personal loan promotion

Bahrain-based BMI Bank has launched a four-month promotion on its Salaf personal loans, offering customers an opportunity to receive instant cash prize. In a statement, the bank said in addition to an annual percentage rate (APR)

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NBAD sees 8-10pc loan growth

National Bank of Abu Dhabi, the largest lender by market value in the United Arab Emirates, expects growth in its loans of 8 to 10 percent in 2014, chief executive Alex Thursby said on Tuesday. "Loan growth will be good this

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Serbia wins $1bn Abu Dhabi loan

Serbia has signed an agreement for a $1 billion loan from Abu Dhabi, the emirate's Department of Finance said on Thursday, boosting the Balkan country's drive to find investors from outside the euro zone. Serbian Finance M

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Saudia secures $1.9bn loan to fund planes

Saudi Arabian Airlines (Saudia) has secured a loan worth 7 billion riyals ($1.9 billion) from a consortium of banks to fund its plane deliveries and growth plans, the company's director-general said. The loan, which will finan

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