Thursday 28 March 2024
 
»
Tag
 
»
borrow

Ma'aden unit to borrow $1bn from state fund

A subsidiary of Saudi Arabian Mining Co (Ma'aden) will borrow SR4 billion ($1.07 billion) in construction loans from a state-backed agency, the parent firm said on Thursday.   Ma'aden, the Gulf's larg

More…

Orpic borrows $910m from local, Gulf banks

State-owned Oman Oil Refineries and Petroleum Industries Co (Orpic) has taken out a RO350 million ($910 million), ten-year loan from local and regional banks, part of which will be used to fund expansion projects, the company said on Friday.

More…

Bahrain to borrow $23bn over the next 6 years

Bahrain plans to borrow more than BD9 billion ($23.7 billion) over the next six years. This was revealed yesterday (May 13) by Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa, who described the projection as ‘tentative

More…

India plans to borrow $61 billion

India will borrow a gross 3.68 trillion rupees ($61.4 billion) in the first half of the fiscal year that begins on April 1, or 61.6 per cent of the full-year target, Arvind Mayaram, the country's economic affairs secretary, said yesterday.

More…

Egypt to let state workers borrow to boost economy

Egypt will let 6 million state employees borrow against their salaries in a move designed to stimulate the economy, Al-Akhbar newspaper reported on Wednesday, citing an unnamed Ministry of Finance official.  Under the programme, empl

More…

Expats ‘borrowed cash to land jobs in Bahrain’

More than 70 per cent of expatriate workers, mostly from India, Bangladesh and Pakistan, borrowed money or sold property in their native countries to secure a job inBahrain, said a study. Only 30 per cent of them believe their dream ha

More…

Waha Capital eyes $1bn acquisitions

Abu Dhabi's Waha Capital may announce acquisitions worth $500 million to $1 billion each this year and might have to borrow to finance its purchases, its chief executive said on Sunday. Samer Alhaj told Reuters on the sidelines of a pr

More…

Emaar in $4bn borrowing plan

Emaar Properties the Arab world's largest real estate developer by market value, set up a $4 billion borrowing programme but is unlikely to draw on the debt until market conditions improve. 'The longer term perspective is to have a

More…

UAE banks to get $200m daily funding

The United Arab Emirates central bank said on Monday local banks could borrow up to $200 million per day under facilities designed to cater to the financing needs of both conventional and Islamic banks. While conventional banks would be re

More…

UAE banks borrow 80pc state cash package

United Arab Emirates' banks have borrowed 80 per cent of a Dh25 billion ( $6.8 billion) government liquidity package allocated last month, a newspaper reported on Wednesday. 'The banking sector has used 80 per cent of that all

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads