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Nokia charging back with full force
Saudi government websites targeted
Qatar National Bank, the Gulf Arab state's largest lender, signed a $1.8-billion three-year loan after completing a syndication process orchestrated by five international banks, it said on Wednesday.
August 8, 2012 4:21
TAQA, which is owned 75 percent by the government of Abu Dhabi, will expand the Takoradi 2 (T2) power plant's capacity from 220 megawatts to 330 megawatts, the firm said in a statement.
July 16, 2012 11:35
The Saudi Fund for Development will extend a total of about $220 million to Tunisia in low-interest loans, Tunisia's Investment and International Cooperation Ministry said, as the North African country seeks to recover from last year's revolution.
July 14, 2012 9:01
SriLankan Airlines signed a $175 million sharia-compliant loan, a statement from one of the arranging banks said on Sunday, the first time the carrier has borrowed from the international syndicated loan market.
July 1, 2012 5:17
Saudi construction firm Mohammad Al Mojil Group (MMG) signed a 450 million riyals ($120 million) loan to help support its balance sheet, it said in a statement on Sunday.
July 1, 2012 5:15
Doha Festival City, a giant retail and hospitality complex being built by a consortium including UAE-based Al Futtaim Group, has raised a 3.7 billion riyals ($1 billion) loan to fund its construction, a statement said on Wednesday.
June 27, 2012 5:36
The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.
June 24, 2012 10:25
BNP Paribas, StanC and SocGen lead arranging int'l facilities; Project to finance expansion of Jorf Lasfar coal-fired plant; Asian export credit agencies participate in deal
June 21, 2012 10:35
Arkan Building Material Company has secured a 1.4 billion dirham loan ($381.16 million) from mainly local banks to refinance existing debt and fund new projects, it said on Wednesday.
June 20, 2012 5:42
The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt to help the country trade with other Arab states, as political instability threatens Cairo with a balance of payments crisis.
June 18, 2012 10:41
After a sharp setback last week, UAE stock markets are now showing high trading volumes. But some say it remains fragile, speculative and depends on a benign global backdrop.
March 15, 2012 11:07
In a move to enhance consumer access to finance and boost its loan portfolio, Emirates NBD launches three new variants of its personal loan offering to customers.
March 11, 2012 1:14
Shipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 bln loan facility, ending lengthy and complex debt talks.
March 10, 2012 4:55
Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, bankers said.
March 4, 2012 10:55
Brent crude rose above $122 on Wednesday, snapping two days of losses, in line with gains across broader financial markets on expectations that cheap loans from the European Central Bank will spur buying of riskier assets.
February 29, 2012 1:47
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
