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Saudi CPC wins $150m Islamic fundingConstruction Products Holding Company (CPC), the industrial arm of Saudi Binladin Group (SBG) has secured a $150 million Murabaha facility from Standard Chartered in a transaction rated by world-r More… |
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Kuwait to finance Bahrain projects worth $1.3bnKuwait will finance development projects worth $1.3 billion in Bahrain over the next few years, a report said. The funds will be used to finance part of four developments, including power transmission networks, housing projects an More… |
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Egypt rejects stop-gap IMF fundingEgypt on Sunday rejected any suggestion of stop-gap IMF funding to help it through a political and economic crisis, saying only broad structural measures as part of a package agreed with the Fund can tackle the country's so More… |
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Arabtec Q3 profit drops, eyes funding optionsArabtec Holding, Dubai's largest listed contractor, beat analysts' expectations despite posting a 10.5 percent fall in third-quarter profit on Tuesday and said it was looking at equity-linked fundraising options. More… |
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Funding shortfall imperils anti-polio driveAn almost $1 billion shortfall in funding for the fight against polio is putting global efforts to eradicate the crippling viral disease in jeopardy, global health experts said on Wednesday. In a report released 10 years after Europe was d More… |
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Arkan wins $381m loan to fund new projectsAbu Dhabi-based Arkan Building Material Company has secured a Dh1.4 billion loan ($381.16 million) from mainly local banks to refinance existing debt and fund new projects, it said on Wednesday. The new loan carries a 6-1/2 year maturity a More… |
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Website to help raise cash for new ideasA crowd-funding website that allows individuals in the Middle East to raise money for fresh ideas will be launched in July. Aflamnah (Aflamnah.com) has been created to encourage people in the Arab world with a dream to think bigger an More… |
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Saudi Euromoney focus on alternative fundingExperts from the public and private sector will discuss how funding, from sources other than those from the government, may be obtained for Saudi companies and projects at the upcoming Euromoney Saudi Arabia Conference in Riyadh. This year More… |
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Mizat inks Riyadh project finance dealMizat Development Company, a Saudi-based real estate group, has entered into a finance agreement with Bank Aljazira to provide Sharia funding for its SR250 million ($66.6 million) Darat Al-Hada residential project in Riyadh. The project at More… |
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Stanchart, Noor Islamic ready loan for shipping firmLeading banks Standard Chartered and Noor Islamic joined forces to arrange a $175 million loan for Stanford Marine Group, an offshore supply vessel owner and operator with a major presence in the Gulf, India and South East Asian region. Th More… |
