Sunday 24 July 2016
 
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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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Jet Airways in talks with banks for $180m loan

Jet Airways, India's second-biggest airline by passengers, is talking to lenders about raising up to $180 million through a loan, banking sources said on Thursday. The airline, partly-owned by Abu Dhabi's Etihad Airways, l

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Emirates NBD signs upsized $1.7bn loan

Dubai's largest bank, Emirates NBD (ENBD), has taken advantage of strong support from lenders to sign a $1.7 billion three-year loan, $450 million more than it had originally sought, banking sources said on Thursday. Gulf bank

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Adeptio mulls $1.65bn loan to fund Americana acquisition

Gulf-based Adeptio is in advanced talks with banks to secure a $1.65 billion bridge loan to fund its purchase of a majority stake in Kuwait Food Company (Americana), banking sources told Reuters on Wednesday. Discussions with the

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Enoc secures $230m loan from China's ICBC

Emirates National Oil Company (Enoc) has secured a $230 million unsecured loan from Industrial and Commercial Bank of China, it said on Tuesday. The five-year loan will help Enoc fund new projects and expansion plans, it said in a

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Meydan Group raises $272m Islamic financing

Dubai's Meydan Group said it has obtained Dh1 billion ($272 million) of Islamic financing, in a fresh sign that the emirate is pushing ahead with big development plans despite a regional economic slowdown. Meydan, a major deve

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Meydan Group raises $272m Islamic financing

Dubai's Meydan Group said it has obtained Dh1 billion ($272 million) of Islamic financing, in a fresh sign that the emirate is pushing ahead with big development plans despite a regional economic slowdown. Meydan, a major deve

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Iran, Azeris agree on loan for rail construction work

Iran and the International Bank of Azerbaijan agreed on the generalities of issuing a $500-million loan for the construction of the Rasht-Astara railway section, said a report. The railway section, which will link Iran and Azerbai

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DI eyes $300m loan to fund mixed-use project

Dubai Investments (DI) is in talks with banks for a $300 million loan that would go towards financing its Mirdif Hills project in Dubai, its chief executive told Reuters on the sidelines of a company event late on Wednesday. A Dh1

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