Safi Energy Company has secured $2.6 billion in financing to build a 1,386-MW coal-fired power plant in southern Morocco, state news agency MAP reported.
Morocco wants to meet domestic power consumption using thermal po
Aafaq – Islamic Finance Company, a UAE-based shari’a-compliant financial services group and Menacorp, a leading investment bank, have entered into a strategic partnership to provide investors on the DFM, ADX and Nasdaq Dubai Islamic
Bahrain's labour fund Tamkeen and BMI Bank, a subsidiary of Al Salam Bank Bahrain, have announced an extension of their partnership providing sharia-compliant financing to local enterprises.
This marks the
Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.
The Islamic Development Bank has approved $447.6 million towards financing several new development projects.
The fund will be used for financing projects in a number of member countries as well as three grants
Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.
National Shipping Company of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in 2015 to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday.
National Bank of Kuwait (NBK) and Saudi Arabia-based Al Khorayef Group have signed a financing deal to arrange $56.8 million syndicated facilities with a tenor of five and a half years.
The facilities will be u
Bahrain Development Bank (BDB), the kingdom's leading development financial institution, plans to increase financing volume to more than BD60 million ($159 million) this year along with the launch of new facilities, said a report.
Gulf 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