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Gulf Navigation incurs $381m lossesGulf Navigation Holding, a maritime and shipping company, has accumulated losses of Dh1.4 billion ($381 million), which is more than half of its share capital, said a report. It ability to continue operations h More… |
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Du enters $1.17 billion financing dealsEmirates Integrated Telecommunications Company (du) today announced three separate financing deals amounting to $1.17 billion. These are a combination of refinancing existing debt facilities on more favourable terms coupled with a More… |
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Du enters $1.17 billion financing dealsEmirates Integrated Telecommunications Company (du) today announced three separate financing deals amounting to $1.17 billion. These are a combination of refinancing existing debt facilities on more favourable terms coupled with a More… |
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Bank Nizwa launches home construction financingBank Nizwa, Oman’s First Islamic Bank, has launched a new home construction financing scheme which enables customers to design and build their properties to their own lifestyle needs and within their budget. Commenting on th More… |
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Alitalia to finalise $270m bank loan dealAlitalia is about to finalise loan agreements with banks for up to 200 million euros ($270 million) pledged last year to help keep the Italian airline flying while it finds a potential new partner, its chief executive said. The lo More… |
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Maaden signs financing deal with SIDFSaudi Arabian Mining Company (Maaden) has said its subsidiary, Maaden Bauxite and Alumina Company, has signed a financing agreement with Saudi Industrial Development Fund (SIDF) for the second phase of its aluminium project. The f More… |
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Dubai bond issue imminent, bankers sayRumours of a bond issue by Dubai are gathering pace as debt capital markets bankers covering the Middle East say a deal may be imminent. The emirate was one of the first issuers from the Gulf in 2013 with a dual tranche 10-year su More… |
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Ajman Bank, Meydan in strategic tie-upAjman Bank, a leading Islamic financial services institution, has entered into a strategic agreement with Meydan Sobha Group to provide its customers financing for villas located in Mohammed Bin Rashid City - District One. “ More… |
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Saudi's ACWA signs $472m sukuk financingSaudi-based water and power project developer ACWA Power raised a 1.77 billion riyals ($471.9 million) Islamic loan from four local banks to help finance investments including acquisitions and act as a bridge to a sukuk issue next year, it said More… |
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OSN closes $200m financing facilityOSN, a leading pay-TV network in the Mena region, has closed its first syndicated five-year financing facility for $200 million. Mashreq, a leading financial institution in the UAE, acted as the sole mandated lead arranger, bookru More… |
