Friday 27 May 2016
 
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Saudi Binladin gets $667m loan to ease finance crunch

Construction firm Saudi Binladin Group (SBG) has secured a SR2.5-billion ($667 million) loan from local banks to ease its financial pressures, banking sources aware of the matter said on Wednesday. Arab National Bank and Saudi Bri

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Saudi Electricity signs $900m loan for power plant

Saudi Electricity Co (SEC) signed a $900 million loan agreement with the Export-Import Bank of Korea (Kexim) and other international lenders to help finance Shuqaiq power plant's construction, the utility said on Sunday. The f

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Dubai lenders in talks to raise $1.7bn in loans

Emirates NBD (ENBD), Dubai's largest bank, and Commercial Bank of Dubai (CBD) are both talking to banks to raise a combined total of up to $1.7 billion in loans to refinance existing debt, sources close to the matter said. The

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Qatar's Ahli Bank starts talks on $250m debt loan

Qatar's Ahli Bank has started talks to raise a $250 million three-year loan, banking sources told Reuters on Monday. The loan will be partially used to refinance an existing $200 million facility the bank signed in September 2

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KNPC signs $4bn loan for Clean Fuels Project

State-owned refiner Kuwait National Petroleum Company (KNPC) signed on Thursday the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country's economic development plan. The tra

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Saudi Arabia close to securing $10 billion bank loan

Saudi Arabia is close to securing a $10 billion, five-year bank loan, the government's first significant foreign borrowing for over a decade, as the world's top oil exporter seeks to fill a record budget gap caused by low crude prices.

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Saudi Arabia close to securing $10bn loan

Saudi Arabia is close to securing a $10 billion loan from banks, sources told Reuters on Wednesday, as the world's top oil exporter seeks to fill a record budget deficit caused by low crude prices. The kingdom had initally bee

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Yasref refinery gets $4.7bn international loan

An oil refining joint venture between national oil firm Saudi Aramco and China's Sinopec has obtained a $4.7 billion syndicated loan to refinance shareholder funds used for its construction, the venture said.  

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Britain could offer loans to tempt buyer for Tata steel plant

Britain said it could offer state loans to tempt a private bid for Tata's loss-making Port Talbot steelworks as Prime Minister David Cameron scrambles to save at least 10,000 jobs thrown into jeopardy by a global steel crisis.

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Acwa, China's Harbin near $1.4bn loan deal for Dubai plant

A consortium including China's Harbin Electric and Saudi Arabia's Acwa Power aims to secure a loan of up to $1.4 billion before the end of the second quarter to finance a 1,200 MW clean coal power plant in Dubai, UAE, sources told Reuter

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