Sunday 11 December 2016
 
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Egypt wins final IMF nod for $12bn loan

The International Monetary Fund (IMF) has approved a three-year extended arrangement under the Extended Fund Facility (EFF) for Egypt for about $12 billion to support the authorities’ economic reform programme. The EFF-suppo

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Alba successfully closes $1.5bn syndicated loan

Aluminium Bahrain (Alba), a leading international aluminium smelter, has announced the successful closing for its landmark syndicated term-loan facility, the first tranche of the company’s funding plan for the Line 6 Project.

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NBE aims to increase SMEs loan portfolio

The National Bank of Egypt (NBE), the oldest commercial lender in Egypt, aims to increase the size of loans granted to small and medium enterprises (SMEs) to E£70 billion ($7.8 billion) over four years, said a report. NBE be

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RakBank offers $10m loan to Lankan finance group

RakBank, one of the UAE's leading banks, said it has arranged a three-year $10 million medium-term loan facility for DFCC Bank, a leading financial institution in Sri Lanka. DFCC Bank will be using the funds for general expans

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World Bank offers Egypt $500m loan to create jobs

A new $500 million World Bank loan will help create jobs in Upper Egypt by enhancing the business climate and improving infrastructure and the delivery of services. The Upper Egypt Local Development Programme, approved by the Worl

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UNB, Ducab review progress on financing

Senior officials from Union National Bank (UNB) visited Ducab senior management and facilities to review progress on the Dh350 million ($95 million) loaned to Ducab group under a long-standing Islamic financing partnership.  

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UNB, Ducab review progress on financing

Senior officials from Union National Bank (UNB) visited Ducab senior management and facilities to review progress on the Dh350 million ($95 million) loaned to Ducab group under a long-standing Islamic financing partnership.  

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Bahrain hires banks for dual-tranche dollar bond

The Kingdom of Bahrain is planning a dual-tranche, benchmark sized US dollar denominated bond issue, according to a lead. The sovereign has mandated Bank ABC, BNP Paribas, Credit Suisse, JP Morgan, Standard Chartered Bank to arran

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Saudi Binladin seeks second extension on loan

Saudi Binladin Group (SBG) has requested a second extension on a SR817 million ($217.9 million) Islamic loan being used to fund construction at the kingdom's Grand Mosque, sources aware of the matter said. The talks to delay t

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Saudi Oger faces multi-billion-dollar debt restructuring

The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.

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