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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… |
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Bahrain dealer launches BMW promotionEuro Motors, the official importer for the BMW Group vehicles in Bahrain, has launched a financing offer on two of the popular models of the German manufacturer. The BMW X6 3.5i Sports Activity Vehicle and the luxurious BMW 7 Seri More… |
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New Abu Dhabi event aims to back SMEsA new event has been launched in Abu Dhabi to help small and medium enterprises (SMEs) in the Middle East to expand, as more than half of registered SMEs in the GCC lack access to additional funding to support their growing businesses. More… |
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Bahrain launches $2bn housing finance schemeBahrain has allocated $2 billion budget for a five-year pilot housing plan to reduce waiting lists, said Deputy Premier Shaikh Khalid bin Abdulla Al Khalifa. The new social housing finance scheme was launched yesterday (October 23 More… |
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Masdar completes London Array project financingMasdar Energy UK, a wholly owned subsidiary of Masdar, Abu Dhabi's renewable energy company, has completed a 12-year limited-recourse project financing of up to £266 million ($425.8 million) for its stake in phase one of London Array. More… |
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Financing platform launched for aircraft purchasesNovus Aviation Capital, a leading aircraft leasing and financing platform, in partnership with the Development Bank of Japan and Airbus has established Tamweel Aviation Finance (TAF) in Dubai. The new enterprise has been set More… |
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Qatar banking ‘ready for $100bn projects boom’Qatar’s banking sector is ready to rise to the challenge of financing an expected $100 billion boom in the country’s projects industry until 2022, said the organisers of an upcoming banking summit in Doha. Qatar Bankin More… |
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High bond yields push Gulf borrowers towards alternativesTwo Gulf Arab borrowers have attracted heavy investor demand for international bond sales in the past two weeks, but higher yield premiums are prompting many other potential issuers in the region to seek alternative funding sources. More… |
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AlBaraka Turk launches $250m financingAlBaraka Turk, the Turkish subsidiary of Bahrain-headquartered Islamic lender AlBaraka Bank , has mandated banks to arrange a $250 million syndicated loan, the company said in a statement on Monday. The sharia-compliant, dual-curr More… |
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Saudi Alhokair units sign $1.2bn financing dealsSaudi fashion retail giant Fawaz Abdulaziz Alhokair Company said two of its units have signed sharia-compliant financing facilities worth 4.6 billion riyals ($1.2 billio More… |
