Monday 21 May 2018
 
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EGA inks long-term supply deal with Shaheen Chem

Emirates Global Aluminium (EGA), a major industrial company in the UAE, has signed a long term supply agreement with Shaheen Chem Investments which paves the way for the construction by Shaheen of a chemical complex in Khalifa Industrial Zone Ab

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EGA inks long-term supply deal with Shaheen Chem

Emirates Global Aluminium (EGA), a major industrial company in the UAE, has signed a long term supply agreement with Shaheen Chem Investments which paves the way for the construction by Shaheen of a chemical complex in Khalifa Industrial Zone Ab

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Oxea closes $1bn first lien term loan

Germany-based Oxea, a leading manufacturer of oxo chemicals, has announced the successful closing of a €900 million ($1.063 billion) equivalent first lien term loan. The company is a global manufacturer of oxo intermediates a

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Egypt bank CEOs purged as cbank sets 9-year term limit

Egypt's central bank put a time limit on the tenures of chief executive officers (CEOs) of commercial lenders, launching a purge of several top executives that puts it on a likely collision course with the country's banking sector.

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IMF's Lagarde open to a second term if called

International Monetary Fund (IMF) managing director Christine Lagarde said on Thursday she is open to serving a second term at the helm of the global lender.   Lagarde's term runs out in mid-2016 and she has

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$125m term loan facilty launched for United Arab Bank

United Arab Bank has mandated Arab Banking Corporation (Bank ABC) as initial mandated lead arranger and bookrunner to arrange on its behalf a $125 million syndicated term loan facility.   The facility, which will

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Adnoc finalises July-June diesel term contract

State-owned Abu Dhabi National Oil Co (Adnoc) has finalised its July 2015 to June 2016 diesel term contract with several buyers, traders said on Friday. The UAE company has finalised the term contracts at a premium of $2.35 a barr

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Armed bank robber in Bahrain gets 20-year jail term

An armed bank robber who 'mocked' staff and customers as he fled with BD13,000 ($34,249) has been jailed for 20 years. Bahraini Nabeel Khan Haji was found guilty of theft, assault and possessing an unlicensed weapon by th

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Fugitive banker gets additional 3-year term

A fugitive banker who has already been sentenced to 15 years in jail for embezzlement, money laundering and fraud in five separate cases has been handed an additional three-year term. Former Unicorn Bank chief executive Majid Al R

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Britain gets better Swiss tax deal terms

Switzerland has revised a tax pact agreed with Britain last year and will offer it a higher rate of withholding tax, after Germany earlier this month succeeded in obtaining more favourable terms in a similar deal with the Swiss government.

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