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DP World extends maturity date on $1bn loanDP World, the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1 billion revolving credit facility for an additional year as it secured attractive market ter More… |
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Batelco starts credit transfer serviceBahrain’s leading mobile services provider Batelco has announced a new service for its prepaid SimSim customers which allows them to transfer mobile credit from their prepaid accounts to international mobile accounts within the network glo More… |
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Qatari M&A drive may trigger credit risk repricingA foreign acquisition drive by Qatari companies is winning the gas-rich country international attention and economic influence around the region. But it may have a less positive effect on the bond prices of some of the companies. More… |
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S&P warns Britain over credit ratingStandard & Poor's has warned Britain that worse-than-expected economic growth or slow progress in fixing its budget deficit could cost the country its top-notch credit rating. S&P affirmed the UK's AAA sovereign cr More… |
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Investcorp backs US firm with $610m refinancingBahrain-based private equity firm Investcorp yesterday announced the completion of a dividend recapitalisation of Chicago-based Berlin Packaging, in which it retains a majority stake acquired in 2007. Proceeds from the new $610 mi More… |
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Batelco launches SimSim promotionBatelco, a leading mobile services provider in Bahrain, is offering its SimSim customers the opportunity to get double credit while refilling their accounts. According to the scheme, refilling with BD4 ($10.53) will get BD8 credit More… |
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Kuwait credit growth up 5.2pcThe credit growth in Kuwait has bounced back following a large drop in October, thus registering a solid 5.2 per cent growth taking the year-to-date (ytd) total to KD1.3 billion ($4.61 billion), said a report. The credit saw a not More… |
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Visa launches premium card in MideastVisa, the leading global payments technology company, has launched its exclusive Visa Signature premium card in the Middle East region. The newly-introduced premium card focuses on providing an affluent segment of customers with a More… |
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Fitch credit rating boost for BatelcoBahrain's leading telecoms operator Batelco Group has welcomed Fitch's affirmation of company's investment grade credit rating in line with the underlying strength of its strategy, financial position and operating performance. More… |
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Egypt struggles to buy fuel as credit dries upEgypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking sources said. More… |
