Wednesday 1 April 2015
 
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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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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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HB Rentals opens new service facility in Abu Dhabi

HB Rentals, a leading supplier of onsite accommodation and operating essentials for the oil and gas industry, has opened a new operating and service facility in a purpose built 10,000-sq-m yard in Mussafah in Abu Dhabi, UAE. With

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HB Rentals opens new service facility in Abu Dhabi

HB Rentals, a leading supplier of onsite accommodation and operating essentials for the oil and gas industry, has opened a new operating and service facility in a purpose built 10,000-sq-m yard in Mussafah in Abu Dhabi, UAE. With

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Minelab sets up new facility in Dubai

Minelab, a metal-detecting technologies provider, has opened a new facility in Dubai, UAE, as part of a $2 million investment recognising Dubai as a strategic hub for its gold business in the Middle East and North Africa.   Mi

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Mumtalakat signs $500m credit facility

Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks. The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation

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Armacell to set up rubber insulation plant in Bahrain

Armacell, a producer of flexible insulation foams for the equipment-insulation market, has planned to build a new manufacturing facility in Bahrain. To be located at the Bahrain International Investment Park in Hidd, the plant wil

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Landside facilities to go up at Abu Dhabi Airport terminal

Abu Dhabi Airports Company (ADAC) has issued tenders for the construction of landslide support facilities at the Midfield Terminal Complex, which forms part of the expansion of Abu Dhabi International Airport. The scope of work in

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Inkas to set up 2nd manufacturing facility in DIP

Leading manufacturer of quality armoured transport and special purpose vehicles Inkas Vehicles has planned to set up another manufacturing facility in the Dubai Investment Park (DIP), a leading integrated commercial, industrial and residential c

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