Sunday 2 October 2016
 
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Financing

Luxury Closet raises $7.8m financing

Theluxurycloset.com, a major online marketplace that deals in personal luxury goods, mostly pre-owned and at a discounted price, has closed a $7.8 million Series B round of funding. The financing was led by Wamda Capital, a ventur

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Luxury Closet raises $7.8m financing

Theluxurycloset.com, a major online marketplace that deals in personal luxury goods, mostly pre-owned and at a discounted price, has closed a $7.8 million Series B round of funding. The financing was led by Wamda Capital, a ventur

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PDO raises $4bn of project financing

Petroleum Development Oman (PDO), the country's top oil and gas exploration and production company, has obtained a $4 billion loan from international banks, part of a rush of foreign borrowing by Oman as low oil prices strain state finance

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Saudi government working on $16bn housing plan

The Saudi government is working on an ambitious plan to provide housing to 52 per cent of its citizens under the National Transformation Programme 2020 (NTP) within the next four years, said a report. The ministry has set aside SR

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Etihad Aviation Group, partners raise $500m additional funds

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further $500 million in a second platform financing transaction, following the success of last year’s bond which raised

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Saudi Arabia delays Makkah metro project

 A $16.5-billion mass transit project planned for Saudi Arabia's holy city of Makkah has been delayed so that its financing can be restructured, the head of the implementing body said on Wednesday. The kingdom has been sl

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Nogaholding marks signing of $570m finance facility

Nogaholding, the business development arm of Bahrain’s National Oil and Gas Authority (Noga), hosted a dinner last evening to commemorate the successful signing of the $570 million murabaha finance facility.   The event

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Aramco to finance Saudi industrial push

The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aram

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Aramco to finance Saudi industrial push

The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aram

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Mercedes-Benz branded financing launched in Bahrain

Daimler Financial Services and leading bank BBK in collaboration with automotive dealer Al Haddad Motors have begun offering Mercedes-Benz branded financial services under the brand name ‘Mercedes-Benz Finance’ in Bahrain.

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