Wednesday 4 March 2015
 
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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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QNB mandates banks to arrange $3bn loan

Qatar National Bank (QNB), the Gulf's largest bank by market value, has mandated lenders to arrange a $3 billion three-year loan facility for general business purposes, it said on Monday. Barclays Bank and HSBC will act as coo

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Dubai Islamic eyes 20pc loan growth in 2015

Dubai Islamic Bank (DIB) expects loan growth to moderate to between 15 and 20 per cent in 2015 and is also targeting a reduction in its ratio of bad loans, its chief executive said on Sunday. Adnan Chilwan was speaking to reporter

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Sahara unit signs $522m loan refinancing

Saudi Arabia's Sahara Petrochemical Company said its subsidiary Al Waha Petrochemicals had secured SR1.96 billion ($522 million) from two local lenders to refinance an existing Islamic loan. The previous loan amount wasn't

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Tecom signs $1.1 billion loan to fund growth

Tecom Investments, a business park operator with a major role in developing Dubai's economy, said on Tuesday that it had signed for a syndicated loan facility of up to Dh4 billion ($1.1 billion) to fund its growth. The combine

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Dubai refiner Enoc eyes $1.5bn long-term loan

Dubai's Emirates National Oil Company (Enoc) is seeking to arrange a $1.5 billion long-term loan for general business purposes, the company confirmed to Reuters on Monday. The statement came after three sources with direct kno

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