Monday 14 July 2014

SKAI wins funding for Jumeirah project

Dubai-based Skai Holdings said it has secured a Dh737.6 million ($201 million) funding from Industrial and Commercial Bank of China (ICBC) for its upcoming Viceroy Dubai Palm Jumeirah project. The Dh3.75 billion luxury residential


NBAD partners with top Asian investment group

The National Bank of Abu Dhabi (NBAD) has partnered with ICBC (Asia) Investment Management Company, the overseas investment management arm of the ICBC Group, to jointly facilitate the marketing of their respective investment capabilities through


S Africa bank signs $175 m loan for ME banks

The Standard Bank of South Africa recently signed its debut syndicated 364-day term loan of $175 million targeted at Middle Eastern banks in Dubai. Mashreq was the mandated lead arranger and sole bookrunner of the financing. Al


NBAD, China bank team up to boost business

The National Bank of Abu Dhabi (NBAD), a leading bank in the UAE, has signed a deal with Industrial and Commercial Bank of China (ICBC) to enhance partnership between the two banks as well as trade between the UAE and China. The Memorandum


Kuwait plans to up ICBC stake

Opec oil exporter Kuwait is looking to raise its stake in the Industrial and Commercial Bank of China (ICBC) and invest in Chinese energy and industrial sectors, its finance minister said. Speaking on the sidelines of the World Economic Fo


ICBC eyes Dubai, Doha expansion

Industrial and Commercial Bank of China, the country's largest bank, plans to open branches in Doha, Dubai, Moscow and Sydney, chairman Jiang Jianqing said. 'As the whole world knows, the Middle East is a fast-growing region with lots of c

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