Bahrain's banking sector is averse to risk, which makes it difficult for entrepreneurs and start-ups to get funding, a leading entrepreneur said.
"Despite all their successes, banks in Bahrain are reluctant to give loans
Tunisia has won $1.2 billion in funding from the Saudi-based Islamic Development Bank (IDB), aimed at backing industrial, agricultural and trade projects in the country whose finances have been weak since a revolution two years ago.
British manufacturers are increasingly turning away from external funding to grow their businesses, a survey has found, despite tentative signs that the cost of credit is easing.
Nearly 52 per cent of companies polled by manufactu
Kuwait 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
Egypt 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
Arabtec 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.
An 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
Abu 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