Wednesday 28 September 2016
 
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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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Saudi Electricity gets $1.5bn Chinese loan

State-controlled utility Saudi Electricity Company (SEC) has obtained $1.5 billion in financing from Industrial and Commercial Bank of China (ICBC), one of the largest loans ever extended by a Chinese bank in the Gulf.  

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DGCX inks product development pact with ICBC

The Dubai Gold and Commodities Exchange (DGCX) has signed a deal with the Industrial and Commercial Bank of China to collaborate in areas of product development.   The memorandum of understanding (MoU) also inclu

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Nasdaq Dubai lists ICBC $500m bond

Nasdaq Dubai has listed a $500-million bond issued by Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, the first ever by ICBC in the Middle East. Zhou Xiaodong, general manager of the Dubai

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ICBC Dubai bond's orders near $2.5bn

Industrial and Commercial Bank of China, the country's largest bank by assets, is due to price on Monday a benchmark-sized, five-year debut bond issued by its Dubai branch, a document from lead managers said. The deal, rated A

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China's ICBC eyes Islamic finance in tie-up with IDB

The Jeddah-based Islamic Development Bank said it was teaming up with an arm of Industrial and Commercial Bank of China to look for business opportunities, in a sign of growing Chinese interest in Islamic finance. The Islamic Corp

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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

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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

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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

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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

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