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Jordan Seeks $1 Billion World Bank Loan To Cut Debt Burden

Banking - Published date: .

(Bloomberg) --Jordan is talking to the World Bank about a $1 billion soft loan as it seeks to cut the cost of its debt ... Read more

Etihad Airways Seeks $600 Million Loan For Planes Delivery

Banking - Published date: .

(Bloomberg) --Etihad Airways is seeking a loan of about $600 million to help make initial payments for planes. Accordin... Read more

AIM To Host Chinas One Belt And One Road Business Development Forum

Banking - Published date: .

The One Belt and One Road Business Cooperation and Development Forum at AIM 2019 will provide participating high-rankin... Read more

Egypt To Slash Fuel Subsidies As It Nears End Of IMF Programme

Banking - Published date: .

Egypt told the International Monetary Fund (IMF) that it will remove subsidies on most energy products by 15 June as pa... Read more

Africa's Largest Tower Company Plans Growth In Middle East

Banking - Published date: .

(Bloomberg) --IHS Holding plans to enter new markets in the Middle East and Southeast Asia to bulk up ahead of a potent... Read more

Saudi Aramco Set For Mega Debt Deal Pitched By JPMorgan's CEO

Banking - Published date: .

(Bloomberg) -- Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering thi... Read more

Free Zones Key Source Of Economic Growth, AIM

Banking - Published date: .

Annual Investment Meeting (AIM) this year seeks to stress the importance free zones in attracting foreign direct invest... Read more

Oil Rises Above $70 A Barrel For First Time Since November

Banking - Published date: .

(Bloomberg) --Oil rose above $70 a barrel in London for the first time since November amid signs global inventories are... Read more

Saudi Arabias SALIC Acquires Australian Farmland

Banking - Published date: .

(Bloomberg) --Saudi Agricultural and Livestock Investment Company (SALIC) has acquired 200,000 hectares of farmland in ... Read more

Turkish Lenders Seeking To Sell Bad Debts Have Willing Buyers

Banking - Published date: .

(Bloomberg) --Turkish banks who wants to offload a rising collection of bad loans may find willing buyers at European B... Read more

Al Salam Bank Bahrain Launches Al Rateb For The Unbanked

Banking - Published date: .

Al Salam Bank Bahrain has launched Al Rateb, the Kingdom’s first digital payroll solution for the unbanked community.... Read more

Nomura Plans To Cut About 100 EMEA Jobs

Banking - Published date: .

(Bloomberg) --Nomura Holdings will fire about 100 workers at its troubled European business as Japan’s biggest broker... Read more

ADIB And FAB Deny Allegations Of Merger Talks

Banking - Published date: .

Abu Dhabi Islamic Bank (ADIB) and First Abu Dhabi Bank (FAB) have denied that they are in merger talks after a news rep... Read more

Saudi Arabia's Maaden Plans To Be A Global Top Gold Supplier By 2025

Banking - Published date: .

(Bloomberg) --Saudi Arabia’s Maaden has announced plans to more than double gold output within five years. Darren Dav... Read more

EGA, Mubadala And Dubal Holding Launch AED 1 Billion Power Block

Banking - Published date: .

Emirates Global Aluminium (EGA), Mubadala and Dubal Holding have inaugurated a AED 1 billion power block at EGA’s Jeb... Read more