Friday 3 July 2015
 
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Al Rawabi invests $6.8m in new cold store facility

Al Rawabi Dairy Company, a leading UAE-based dairy, has expanded its cold storage infrastructure with the opening of a Dh25 million ($6.8 million) facility that can store 4,000 pallets - equivalent to 180,000 crates in a temperature controlled e

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Bahraini bank in $150m loan facility arranging deal

Bahrain-based Bank ABC, HSBC Securities and National Bank of Abu Dhabi (NBAD) have been mandated to arrange a $150 million senior unsecured term loan facility for Banco ABC Brasil, a subsidiary of Bank ABC. They were appointed as

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Copart opens third Mideast facility in Muscat

Copart, a leading online vehicle auction company, has opened the Copart Muscat Auctions, its third facility in the Middle East. This facility is now open for business and will conduct its first auction on June 23rd, with its princ

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KIB eyes $100m financing facility

Kuwait International Bank (KIB) has mandated Arab Banking Corporation and ABC Islamic Bank as the initial mandated lead arrangers to arrange on its behalf a debut $100 million syndicated Murabaha financing facility. The facility w

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Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday.

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Arab Banking Corp finances key jet leasing transaction

Bahrain-based Arab Banking Corporation (ABC) has provided a financing facility to Oman Brunei Aviation Leasing Company (OBALC). The facility is for the purchase of two new B737-900ER aircraft leased to Oman Air, said a report in t

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Arab Banking Corp finances key jet leasing transaction

Bahrain-based Arab Banking Corporation (ABC) has provided a financing facility to Oman Brunei Aviation Leasing Company (OBALC). The facility is for the purchase of two new B737-900ER aircraft leased to Oman Air, said a report in t

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SDV-UAE opens new warehousing facility at Dafza

SDV-UAE, a leading transport and logistics provider in the region, has opened a new corporate and warehousing facility at the Dubai Airport Free Zone Authority (Dafza). The launch forms part of SDV’s strategy of capitalising

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Warba takes part in $155m syndicated loan for Ajman Bank

Warba Bank has provided $25 million as part of a $155 million Syndicated Islamic Financing Facility for Ajman Bank based in the UAE. The arrangement of the two-year Murabaha facility was led by Noor Bank, said a statement.

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GE to invest $200m in Egypt manufacturing facility

General Electric is investing $200 million in a manufacturing and training facility in Egypt's Suez City and had delivered a shipment of gas turbines to supply its grid. The $200 million investment would focus on power generat

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