Monday 20 November 2017
 
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Financing

Oman's A’Saffa Foods inks $81m Islamic finance deal

A’Saffa Foods, a fully integrated poultry and processed food producer based in Oman, said it has secured a RO31.5 million ($81.5 million) loan from Meethaq, the Islamic banking unit of Bank Muscat, to finance its robust expansion plans.

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Oman's A’Saffa Foods inks $81m Islamic finance deal

A’Saffa Foods, a fully integrated poultry and processed food producer based in Oman, said it has secured a RO31.5 million ($81.5 million) loan from Meethaq, the Islamic banking unit of Bank Muscat, to finance its robust expansion plans.

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Egypt small firms win $5m financing

Egypt’s Micro, Small, and Medium Enterprises Development Authority has signed two contracts, worth EGP100 million ($5.66 million), along with the Suez Canal Bank, to finance small existing and new enterprises, said a report.

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Bank financing to UAE realty sector tops $76bn in H1

Bank financing provided to the property and construction sector in the UAE reached Dh281.2 billion ($76.5 billion) during the first half (H1) of 2017, rising by Dh16.5 billion ($4.49 billion) and reflecting a growth of 6.2 per cent from the end

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Iran Air selecting financiers for 200 jets: CEO

Iran is in the process of selecting financiers for the purchase of 200 passenger aircraft from among domestic and foreign companies which have submitted their proposals to Iran Air, CEO of the national carrier said. “Many pr

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Abu Dhabi funding of Pakistan projects hits $408m

Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has till date supported Pakistan with grants and concessionary loans valued at Dh1.5 billion ($408 million) across nine sustainable projects.

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Kuwait Nissan dealer launches promotion

Abdulmohsen Abdulaziz Al-Babtain, the sole authorized dealer of Nissan in Kuwait, has launched a campaign guaranteeing zero per cent interest on instalments for Nissan Patrol, Altima and Sentra.  This campaign, launched in pa

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Adnoc mulls $5bn bank loan for smart growth

The Abu Dhabi National Oil Company (Adnoc) is currently considering a range of financing options, including a$5 billion bank loan, to promote prospects of smart growth and ensure sustainable expansion of its business, a report said.

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Business confidence improves in Dubai during Q3

Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry. T

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Business confidence improves in Dubai during Q3

Business leaders in Dubai are more positive about their expectations of business conditions and business confidence in the third quarter of 2017, according to a new survey conducted by the Dubai Chamber of Commerce and Industry. T

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