Tuesday 3 May 2016
 
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Funding

Saudi Aramco approves funding initiatives including sukuk programme

KHOBAR: Saudi Aramco's IPO board has approved a number of funding initiatives including the creation of a sukuk programme, its weekly magazine the Arabian Sun reported.   The board, which met last week in Jap

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Morocco gets funding for rail infrastructure work

The Moroccan government has signed loan agreements worth $112.30 million with the African Development Bank (AfDB) to secure funding for the railway infrastructure projects being initiated by the National Railways Office (ONCF), said a report.

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Abraaj lead investor in $150m India firm funding

UAE-based Abraaj Group, a leading investor operating in global growth markets, has announced that it led a $150 million round of fundraising for BigBasket, India’s foremost online grocery business. The capital raise saw the

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JEC wins $959m funding for Saudi superskycraper

Saudi-based Jeddah Economic Company (JEC) said it had secured shari’a compliant financing of up to SR3.6 billion ($959.4 million) from Alinma Bank for the development of the infrastructure for Phase One of its ambitious Jeddah Economic Cit

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Orpic wins $3.8bn funding for Liwa plastics complex

State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said it has secured $3.8 billion in project financing for its Liwa Plastics Industries Complex, it said. The financing was supported by export credit agencie

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Orpic wins $3.8bn funding for Liwa plastics complex

State-owned Oman Oil Refineries and Petroleum Industries Company (Orpic) said it has secured $3.8 billion in project financing for its Liwa Plastics Industries Complex, it said. The financing was supported by export credit agencie

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Iran gets $150m India funding for port project

India has approved a $150 million credit line for the development of Iran's Chabahar port, the government said in a statement. The port in southeast Iran is central to New Delhi's efforts to circumvent arch-rival Pakistan

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Clifford Chance advises on $2bn funding for SEC

International law firm Clifford Chance advised the lenders to Saudi Electricity Company (SEC) on syndicated facilities to add over $2 billion to SEC's revolving credit facilities, tapping domestic and international markets in two separate fa

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Warning over fundraising to support terror

A leading international relations expert has denounced activists in America seeking to destabilise Bahrain and the Gulf region. He issued a warning yesterday (February 10) over fundraising by Bahraini agitators abroad, amid concerns the money

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Oman to borrow $5bn-$10bn from abroad

Oman plans to borrow between $5 billion and $10 billion from abroad to help finance a budget deficit caused by low oil prices, central bank executive president Hamood Sangour al-Zadjali told Al Arabiya television on Monday. Zadjali said

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