Saturday 27 May 2017
 
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Senaat secures $400m revolving credit facility

Senaat, one of the largest industrial investment holding companies in the UAE, has entered into an agreement with 11 financial institutions to receive a revolving credit facility of $400 million. The facility, split between 3-year

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Credit Agricole 'to advice Duqm Refinery on funding'

Oman’s Duqm Refinery & Petrochemical Co (DRPC) has hired Credit Agricole SA to advise on fundraising for its $6 billion project, a

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Al Salam Bank-Bahrain launches new Visa card

Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, has launched its new Visa Infinite Credit Card, designed to meet the requirements of a select group of upscale clients. The new Shari’a-comp

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ASBB launches new card payment service

Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, recently launched its latest credit card payment gateway service channel in partnership with Benefit, Bahrain’s national electronic network for financial t

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Al Salam Bank announces winners of spring promotion

Al Salam Bank-Bahrain, one of the pioneering Shari’a-compliant banks in the kingdom, has announced the 10 winners of its Special Credit Card Spring Promotion, which was rolled out on May 1 and ended on June 30. The promotion

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Waha Capital secures new $500m credit facility

Waha Capital, a leading investment company based in Abu Dhabi, completed the refinancing of its credit facilities with 12 local, regional and international banks. The new and upsized financing is a five-year $500 million revolving

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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Kuwait fuel reforms credit positive says Moody's

Kuwait's move to raise fuel prices is credit positive for the sovereign because they will lower current expenditures and bolster government finances dented by the downturn in global oil prices, while reducing wasteful overconsumption, Moody&

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UAE growth in credit demand slows in Q2

Growth in demand for business credit in the United Arab Emirates slowed during the three months through June, especially in Dubai, according to a central bank survey published on Thursday. The net balance measure for business lend

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UAE credit demand rebounds

Demand for credit in the UAE rebounded in the January-March quarter after dipping during the previous quarter, a central bank survey showed on Thursday. The net balance measure for business lending - the weighted percentage of res

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