Monday 28 July 2014
 
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Credit

Unatrac extends, re-prices $700m syndicated loan

Unatrac Holding, a leading Caterpillar dealer, has amended, extended and re-priced a $700 million syndicated revolving credit facility originally signed in June last year.   Barclays Bank and Citi acted as joint

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StanChart unveils new credit card in UAE

Standard Chartered has launched the Visa Manhattan Platinum Credit Card, which has been designed to complement the lifestyle of the young, entertainment focused and affluent segment in the UAE.    The new ca

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Emirates Steel gets $1.3bn funding for expansion

Abu Dhabi based Emirates Steel, a Senaat company, said it has secured new credit facilities worth $1.3 billion from a consortium of 19 leading local and international banks without government guarantees. The transaction reflects E

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Burgan, Qatar Airways unveil new credit card

Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.   The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma

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Burgan, Qatar Airways unveil new credit card

Burgan Bank, a leading Kuwaiti bank, has launched a new co-branded credit card with Qatar Airways and Mastercard.   The Burgan Bank Qatar Airways card with its platinum and gold variants will be offered on the Ma

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Ooredoo signs $1bn loan deal to repay debt

Qatar's Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday.   Ooredoo will use the new facility to repay a $750 million loan d

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Chinese men at centre of major Bahrain ATM fraud

Three Chinese men are allegedly at the centre of a major credit card fraud racket in Bahrain.   They allegedly stole private details of bank customers, who withdrew cash from ATM machines across Bahrain, and uplo

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Batelco launches double credit promotion

Batelco, Bahrain’s leading mobile services provider, is offering its SimSim customers the opportunity to get double credit when refilling. Customers can refill with BD3 to get BD6 credit, BD4 to get BD8 credit or BD5 to get

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Credit card thief jailed in Bahrain

A Saudi Arabian man who targeted Asians to steal credit cards has been jailed for five years. The 41-year-old was caught after approaching an Indian victim pretending to help him withdraw cash from an ATM machine at a mall in Nuwa

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UAE officials attend credit bureau workshops

More than 180 representatives from 42 financial and banking institutions in the UAE attended a series of technical and awareness workshop sessions in Abu Dhabi recently. The sessions were conducted by Al Etihad Credit Bureau, a UA

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