Saturday 5 September 2015
 
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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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Maximum 8-year term for ministers urged

Government ministers should stay in power for no longer than eight consecutive years, said participants at Bahrain’s National Dialogue. They agreed to the proposal during discussions at the political session last night. 'Some o

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Tabreed sets final terms for $408m trust certificates

National Central Cooling Company (Tabreed) on Wednesday announced the final terms for its Dh1.5 billion ($408 million) fixed rate sharia compliant mandatory exchangeable trust certificates due 2011. The issue is subject to an increase opt

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