Wednesday 25 May 2016
 
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Financing

Nogaholding marks signing of $570m finance facility

Nogaholding, the business development arm of Bahrain’s National Oil and Gas Authority (Noga), hosted a dinner last evening to commemorate the successful signing of the $570 million murabaha finance facility.   The event

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Aramco to finance Saudi industrial push

The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aram

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Aramco to finance Saudi industrial push

The world's biggest energy company Saudi Aramco outlined financing plans on Wednesday that will support its expansion into new areas under a sweeping economic reform plan released by Riyadh this week. The reforms envisage Aram

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Mercedes-Benz branded financing launched in Bahrain

Daimler Financial Services and leading bank BBK in collaboration with automotive dealer Al Haddad Motors have begun offering Mercedes-Benz branded financial services under the brand name ‘Mercedes-Benz Finance’ in Bahrain.

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Ezdan plans $2bn sukuk to finance projects

Qatar-based Ezdan Holding Group is planning to raise $2 billion sukuk to finance its real estate projects, a report said. “This is a new venture for Ezdan because usually we get funding from the banks but this time we are go

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Ezdan plans $2bn sukuk to finance projects

Qatar-based Ezdan Holding Group is planning to raise $2 billion sukuk to finance its real estate projects, a report said. “This is a new venture for Ezdan because usually we get funding from the banks but this time we are go

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Iraq could secure $15bn financing by June: IMF

The International Monetary Fund could approve as early as June a standby arrangement (SBA) with Iraq unlocking $15 billion in international assistance over the next three years, the head of the IMF's Iraq mission said. Christi

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Meydan gets $476m financing from Qatar bank

Dubai's Meydan Group has signed a deal to obtain $476 million of financing from Qatar National Bank (QNB) and QNB's United Arab Emirates affiliate Commercial Bank International, Meydan said on Monday. Meydan, a major devel

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EDC financing to Markham back new deal in Saudi

Export Development Canada (EDC), a trade finance agency, has launched a 500,000 Canadian dollar ($371,927) in financing for Markham-based Tower Solutions to help manage the costs of delivering on a new contract in Saudi Arabia. &n

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World Bank offers $150m to Zika-affected countries

The World Bank said it is making $150 million in financing immediately available to help combat the Zika virus outbreak in affected Latin American and Caribbean countries.   The multilateral lender said in a stat

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