Tuesday 21 October 2014
 
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Islamic financing

Egypt sugar project wins Islamic financing

Egypt's Al Nouran sugar production facility, a 2.5 billion Egyptian pound ($357 million) project, could begin operations in 2016 after securing a Sharia-compliant financing package, the project sponsors said. Al Nouran is expe

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KFH-Bahrain, Banader sign $47.5m financing

Kuwait Finance House – Bahrain, a provider of Islamic banking services, has signed a BD18 million ($47.5 million) project finance deal with Banader Hotels, officials said. The financing deal will provide the funding to compl

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KFH-Bahrain, Banader sign $47.5m financing

Kuwait Finance House – Bahrain, a provider of Islamic banking services, has signed a BD18 million ($47.5 million) project finance deal with Banader Hotels, officials said. The financing deal will provide the funding to compl

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First Gulf Bank Q4 profits up 12pc, beats forecast

First Gulf Bank, the UAE's second-largest lender by market value, on Wednesday beat analysts' expectations with a 12-per cent rise in fourth-quarter net profit, boosted by higher interest income and Islamic financing. The

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MENAdrill signs $130 million finance deal

MENAdrill Investment Company (MIC), incorporated in Cayman Islands and principally promoted by First Energy Bank (FEB), has signed a three-year $130 million limited recourse Islamic financing with Gulf International Bank (GIB). The facilit

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First Gulf Bank net surges 50pc to $952m

First Gulf Bank (FGB), one of the leading UAE financial institutions, said its annual net profit for 2008 jumped 50 per cent to Dh3.5 billion ($952 million) when compared to the corresponding period in 2007. Announcing the results at the b

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DIB, Al Abbas ink Lynx DSO deal

Dubai Islamic Bank (DIB) has signed a memorandum of understanding (MoU) with Al Abbas Group, a leading business group in the UAE, for the Lynx at Dubai Silicon Oasis, a project developed by Earth Developers, the real estate arm of Al Abbas Group.

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