Sunday 14 February 2016
 
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Saudi ACWA Power plans to raise $8bn debt

Saudi Arabia's ACWA Power plans to raise $8 billion of debt in the first half of this year to finance projects that will help to boost its generating capacity by a third by the end of 2016, its CEO told Reuters.  

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BBK plans bonds issue to raise $265m

Bank of Bahrain and Kuwait (BBK), Bahrain’s fourth-largest bank by assets, is raising its capital by BD100 million (approximately $265 million) through an issue of convertible bonds, it has emerged. The proposal to launch the convertible

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Qatar raises local gasoline price by 30pc

Qatar has raised raise domestic prices of gasoline by 30 per cent from midnight on Thursday, the official Qatar News Agency (QNA) reported, as low oil and gas prices put the squeeze on the national budget.   The

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Saudi Arabia raises February crude prices to Asia

Saudi Aramco on Tuesday raised its February price for Arab Light grade for Asian customers by $0.60 versus January to a discount of $0.80 a barrel to the Oman/Dubai average.   Saudi's monthly oil prices set t

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ArabiaWeather to raise $5m funding

ArabiaWeather, a leading weather company in the Middle East, has launched a new round of funding totalling $5 million, following the $2.1 million it raised earlier this year.   The round, one of the largest ventu

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Standard Chartered mulls raising at least $4bn

Standard Chartered has held talks with bankers on raising at least $4 billion as UK reglators tighten scrunity on lenders with exposure to emerging markets in a second round of stress tests, Bloomberg reported on Thursday.  

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Drive urged to raise awareness about organ donations

A leading doctor has called for organ donation to be made compulsory in Bahrain unless more is done to encourage the practice. Salmaniya Medical Complex Yousif Khalil Almoayyed Nephrology and Renal Transplant Centre unit chief Dr Soumaya Al Gh

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Abraaj raises $191m in funds through Mexican CKD

The Abraaj Group, a leading investor operating in global growth markets, has raised 3.2 billion Mexican peso ($191 million) through Mexican publicly traded certificates, known as Certificados de Capital de Desarrollo or Certificates of Develop

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GCC firms plan big infrastructure projects in Africa

Greenstone Equity Partners, a leading independent fund placement firm in the Middle East, has collaborated with South Africa-based Harith to raise capital from the Gulf Cooperation Council (GCC) region and direct it to the development of infra

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GCC firms plan big infrastructure projects in Africa

Greenstone Equity Partners, a leading independent fund placement firm in the Middle East, has collaborated with South Africa-based Harith to raise capital from the Gulf Cooperation Council (GCC) region and direct it to the development of infra

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