Middle East Loans
-
Qatari real estate company Ezdan Holding signed the first tranche of a $500m Islamic financing on Monday with banks.
-
Turkish financial institution Akbank has signed a $1.3bn equivalent syndicated deal to become the first of Turkey's top tier banks to refinance its springtime bank debt. -
The Hashemite Kingdom of Jordan has signed a €180m financing facility from the European Union, as it tries to ease the economic strains of the region's political crisis.
-
Saudi Arabia’s Southern Province Cement Co has signed a Sr700m ($186m) debut Islamic financing from National Commercial Bank.
-
Eastern Sugar Company (Nuran Sugar) is set to sign a loan worth E£1.5bn ($217m) with 10 banks. The deal is expected to close in mid-April, according to Walid Hassouna deputy general manager and head of Islamic banking at Bank Audi
-
Dubai bonds and sukuk traded up on Monday, after United Arab Emirates authorities revealed that its recently rolled over debt was refinanced on better than expected terms.
-
Dubai bonds and sukuk traded up on Monday, after United Arab Emirates authorities revealed that its recently rolled over debt was refinanced on better than expected terms.
-
Saudi Arabia’s Southern Province Cement Co has signed a SR700m ($185.7m) Islamic financing with National Commercial Bank.
-
Dubai’s recent rollover of $10bn in debt extended to it by the United Arab Emirates’ central bank was widely hailed at the time as a positive by market participants. But the lack of forthcoming detail since on the new terms and tenors of the arrangement has prompted concern for some investors.
-
Undaunted by Turkey’s domestic economic and political uncertainty, the country’s participation banks are lining up to to hit the international market with deals, say bankers. Turkiye Finans looks likely to lead the pack and could bring both a dollar sukuk and murabaha financing.
-
Oman’s Bank Muscat has continued its funding drive by signing a $600m term loan just days after announcing plans for a $1.2bn increase to its EMTN programme and a Or500m ($1.3bn) sukuk programme.
-
The Dubai Multi Commodity Centre Brokerage has partnered up with an interdealer broker for the first time to jointly market commodity murabaha (Islamic financings) on its DMCC Tradeflow platform.
