 |
Ma'aden unit to borrow $1bn from state fundA subsidiary of Saudi Arabian Mining Co (Ma'aden) will borrow SR4 billion ($1.07 billion) in construction loans from a state-backed agency, the parent firm said on Thursday. Ma'aden, the Gulf's larg More… |
 |
Orpic borrows $910m from local, Gulf banksState-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a RO350 million ($910 million), ten-year loan from local and regional banks, part of which will be used to fund expansion projects, the company said on Friday. More… |
 |
Bahrain to borrow $23bn over the next 6 yearsBahrain plans to borrow more than BD9 billion ($23.7 billion) over the next six years. This was revealed yesterday (May 13) by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, who described the projection as ‘tentative More… |
 |
India plans to borrow $61 billionIndia will borrow a gross 3.68 trillion rupees ($61.4 billion) in the first half of the fiscal year that begins on April 1, or 61.6 per cent of the full-year target, Arvind Mayaram, the country's economic affairs secretary, said yesterday. More… |
 |
Egypt to let state workers borrow to boost economyEgypt will let 6 million state employees borrow against their salaries in a move designed to stimulate the economy, Al-Akhbar newspaper reported on Wednesday, citing an unnamed Ministry of Finance official. Under the programme, empl More… |
 |
Expats ‘borrowed cash to land jobs in Bahrain’More than 70 per cent of expatriate workers, mostly from India, Bangladesh and Pakistan, borrowed money or sold property in their native countries to secure a job inBahrain, said a study. Only 30 per cent of them believe their dream ha More… |
 |
Waha Capital eyes $1bn acquisitionsAbu Dhabi's Waha Capital may announce acquisitions worth $500 million to $1 billion each this year and might have to borrow to finance its purchases, its chief executive said on Sunday. Samer Alhaj told Reuters on the sidelines of a pr More… |
 |
Emaar in $4bn borrowing planEmaar Properties the Arab world's largest real estate developer by market value, set up a $4 billion borrowing programme but is unlikely to draw on the debt until market conditions improve. 'The longer term perspective is to have a More… |
 |
UAE banks to get $200m daily fundingThe United Arab Emirates central bank said on Monday local banks could borrow up to $200 million per day under facilities designed to cater to the financing needs of both conventional and Islamic banks. While conventional banks would be re More… |
 |
UAE banks borrow 80pc state cash packageUnited Arab Emirates' banks have borrowed 80 per cent of a Dh25 billion ( $6.8 billion) government liquidity package allocated last month, a newspaper reported on Wednesday. 'The banking sector has used 80 per cent of that all More… |
