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IFC, IDB to Invest $100 Million in MENA Infrastructure

IFC, IDB to Invest $100 Million in MENA Infrastructure

The International Finance Corp (IFC), a member of the World Bank Group, and Islamic Development Bank (IDB) jointly plan to invest up to $100 million on major infrastructure projects across the Middle East and North Africa, IFC said on Monday.

April 17, 2012 9:29
 

Dubai’s Drake & Scull in $95.8M Saudi deal

The Saudi unit of Dubai contractor Drake & Scull has signed a 352 million dirhams ($95.8 million) deal to build a commercial development project in Riyadh, the company said in a statement on Tuesday.

December 6, 2011 10:33
 
Qatar defies global gloom with $5B bond issue

Qatar defies global gloom with $5B bond issue

The GCC sees its biggest bond issue this year with Qatar raising $5 billion, proving that the country remains an investment safe haven. Bonds will likely go to infrastructure projects.

November 30, 2011 2:57
 

Saudi govt loan to cover 70 pct of SEC projects

Loan to serve projects in the next 5 to 6 years; SEC adding around 13,000 MW from 2012-2016

June 14, 2011 4:06