Arab National Bank has signed a credit finance package worth SR2.6 billion ($692.8 million) with Huta Marine Works to finance the construction and development of the King Abdullah Port (KAP) project in Saudi Arabia.
The bank is the mand
Two ship owners are due to be awarded a combined total of almost $500,000 when the first claims resulting from a new carbon credits methodology developed by AkzoNobel and The Gold Standard Foundation are finalised next year.
Visa cardholders in Mena spent on $3.98 billion across all Visa products, credit, debit and prepaid during the 2014 Ramadan, reflecting a 16 per cent increase over the same period last year, a report said.
The findings were releas
UAE-based private equity firm Ithmar Capital has picked Credit Suisse and Deutsche Bank to manage the flotation of a vehicle it hopes to list on the Dubai bourse by year end, sources close to the matter told Reuters.
Ithmar is aim
CrediMax, a credit card issuer and acquirer, has launched a new campaign for customers of Japan Credit Bureau (JGB) credit cards.
The offers and benefits under the campaign include a monthly draw on a 2014 Lexus ES 350, free entra
Al Etihad Credit Bureau is set to issue consumer credit report to financial institutions which have submitted historical credit data to the bureau, from the beginning of September.
The credit reports will include records about con
Unatrac Holding, a leading Caterpillar dealer, has amended, extended and re-priced a $700 million syndicated revolving credit facility originally signed in June last year.
Barclays Bank and Citi acted as joint
Standard Chartered has launched the Visa Manhattan Platinum Credit Card, which has been designed to complement the lifestyle of the young, entertainment focused and affluent segment in the UAE.
The new ca
Abu Dhabi based Emirates Steel, a Senaat company, said it has secured new credit facilities worth $1.3 billion from a consortium of 19 leading local and international banks without government guarantees.
The transaction reflects E
Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.
The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma