Monday 14 July 2014
 
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Financing

Saudi's Ma'aden inks $5bn financing deal

Saudi Arabian Mining Co (Ma'aden) has signed a $5 billion financing deal with commercial banks and a state-owned investment fund to back its $7.5 billion phosphate production project in the kingdom, it said in a statement on Tuesday.

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IDB approves $447m financing for new projects

The Islamic Development Bank has approved $447.6 million towards financing several new development projects.   The fund will be used for financing projects in a number of member countries as well as three grants

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Iran to resolve HSBC freeze on trade financing

Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.

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Saudi shipper plans long-term financing for Vela debt

National Shipping Company of Saudi Arabia (Bahri) plans to arrange long-term sharia-compliant financing in 2015 to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday. Th

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NBK, Al Khorayef in $56.8m financing deal

National Bank of Kuwait (NBK) and Saudi Arabia-based Al Khorayef Group have signed a financing deal to arrange $56.8 million syndicated facilities with a tenor of five and a half years.   The facilities will be u

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Bahrain Development Bank to boost financing

Bahrain Development Bank (BDB), the kingdom's leading development financial institution, plans to increase financing volume to more than BD60 million ($159 million) this year along with the launch of new facilities, said a report.

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Gulf Navigation incurs $381m losses

Gulf Navigation Holding, a maritime and shipping company, has accumulated losses of Dh1.4 billion ($381 million), which is more than half of its share capital, said a report.   It ability to continue operations h

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Du enters $1.17 billion financing deals

Emirates Integrated Telecommunications Company (du) today announced three separate financing deals amounting to $1.17 billion. These are a combination of refinancing existing debt facilities on more favourable terms coupled with a

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Du enters $1.17 billion financing deals

Emirates Integrated Telecommunications Company (du) today announced three separate financing deals amounting to $1.17 billion. These are a combination of refinancing existing debt facilities on more favourable terms coupled with a

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Bank Nizwa launches home construction financing

Bank Nizwa, Oman’s First Islamic Bank, has launched a new home construction financing scheme which enables customers to design and build their properties to their own lifestyle needs and within their budget. Commenting on th

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