Monday 8 February 2016
 
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Funding

Egypt secures $381m funding for mega housing project

The Egyptian government has sealed four financing contracts worth E£3 billion ($381 million) to help fund the construction of a million housing units across the country, said a report. The housing development, which is one o

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Egypt wins $500m funding for infrastructure projects

The World Bank has approved loans worth $500 million for the development of infrastructure for the industrial zones in the Upper Egypt governorates of Qena and Sohag, said a report. Qena and sohag are two of the poorest governorates in

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Dubai eyes $2bn funding for metro expansion

Dubai’s Road and Transport Authority (RTA) is seeking more than $2 billion to finance a 15-km extension of its above-ground metro train line to the World Expo 2020 site, said a report. The company is in talks with banks and

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Iran wins $95m IDB funding for dam project

Iran has secured €87-million ($95 million) finance from Islamic Development Bank (IDB) for the construction of Sarney dam near the city of Minab in the southern province of Hormozgan,said a report. The funding will be used fo

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Tabreed secures funding for Dubai district cooling plant

National Central Cooling Company (Tabreed) said it has completed the signing of a Dh193-million ($53 million) long-term limited recourse project finance facility with Emirates NBD for its upcoming district cooling plant in Dubai, UAE.

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Saudi nationals need 3m new homes by 2025

Saudi Arabia will need around three million new housing units by 2025 to keep up with the rapid population growth which is expected to hit 37 million over the next 10 years, said a report. The housing ministry has 95 projects unde

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Tabreed wins funding for Dubai district cooling plant

National Central Cooling Company (Tabreed) said it has completed the signing of a Dh193 million ($53 million) long-term limited recourse project finance facility with Emirates NBD for its upcoming district cooling plant in Dubai, UAE.

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Egypt wins first funding for giant power project

Egypt has secured a first tranche of financing for an €8 billion ($8.5 billion) plan for power plants to be built by Germany's Siemens, the company and electricity ministry said. The deal, which calls for three combined-c

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US targets trucks, rigs to hit Islamic State oil funding

US-led air strikes have hit at least 175 targets in the Islamic State's main oil-producing region over the past month, as Washington intensifies efforts to disrupt a key revenue source estimated to provide more than $1 million a day to the m

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IDB agrees $593m funding for four nations

Saudi Arabia-based Islamic Development Bank has approved $593 million in funding for development projects in Kazakhstan, Gabon, Benin and Turkey, the bank said in a statement on Tuesday. It also agreed to provide a grant to study

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