Saturday 1 October 2016
 
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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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Alba Line 6 syndicated loan draws huge demand

Aluminium Bahrain (Alba), a leading aluminium smelter, has announced commitments of $1.5 billion for the commercial loan facility to finance the company’s Line 6 expansion project. Alba had originally planned to raise betwee

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Alba Line 6 syndicated loan draws huge demand

Aluminium Bahrain (Alba), a leading aluminium smelter, has announced commitments of $1.5 billion for the commercial loan facility to finance the company’s Line 6 expansion project. Alba had originally planned to raise betwee

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UAE to provide Egypt with 6-year, $1bn deposit

The United Arab Emirates has agreed to provide Egypt's central bank with a $1 billion deposit for a duration of six years, the United Arab Emirates' official state news agency WAM said on Monday. Egypt this month

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In Egypt, IMF deal brings austerity few can afford

A few years ago Imad would not have imagined himself queuing in the Cairo sun for a weekly ration of subsidised baby milk. But rising prices mean his civil servant's salary barely lasts the month and the government is tightening its belt fur

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