Bahrain's Jawad Business Group, the franchise operator of clothing brand Mango and restaurant chains Papa Johns and Burger King in the Gulf, has raised a $235 million loan to refinance existing debt, two banking sources aware of the matter s
A $1.5 billion nine-year loan for Dubai's Emirates National Oil Company (Enoc) is being marketed to banks after receiving commitments from seven lenders to fully back the financing, three sources aware of the matter said on Thursday.
Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, said it had received an additional $1.5 billion loan, raising a previous debt it took last November to $2.5 billion.
Bahrain-based Ahli United Bank (AUB) Group may raise $4 billion in bonds, loans or any other similar subordinated financial instruments, following shareholder approval for the proposal, it has emerged.
The election of Hamad Al Hum
Qatar National Bank (QNB) Group said it has signed a $3 billion three-year loan deal with a group of 20 international lenders to help fund general operations of the bank.
Barclays Bank and HSBC (the co-ordinators), to
Allegations that the Eskan (Housing) Bank was charging interest on loans have been denied by Bahrain’s Housing Minister Bassem Al Hamer.
Parliament second vice-chairman MP Abdulhaleem Murad had claimed the bank was charging
Qatar National Bank (QNB) has closed syndication of a $3 billion, three-year unsecured term loan and will sign the deal on March 16, banking sources said.
Barclays Bank and HSBC are acting as coordinators on the deal, with Bank of
Saudi Aramco, the kingdom's state oil giant, is close to completing a $10 billion tightly-priced loan, banking sources said on Thursday, part of which could be used to back the purchase of a stake in German synthetic rubber firm Lanxess.
Saudi Arabia's Takween Industries has signed a SR1.3 billion ($346.6 million) Islamic loan with a group of local banks to fund the acquisition of Savola Packaging Company, it said on Wednesday.
Takween in December agreed to bu
Euro zone finance ministers have agreed in principle to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area.
The deal, to be ra