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Absa, FirstRand and Standard Bank were MLAs in first deal after private equity exit
Omani oil company has pushed out maturity by a year
Renamed company's $4.2bn murabaha facility has lifted Saudi banks
Volume dips only slightly despite there being a third fewer transactions
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AFRICA Standard Bank returns to Asian funding
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Foreign direct investment into the Middle East and North Africa has plunged a year after the Arab Spring began, according to a new report by the World Bank’s insurance arm the Multilateral Investment Guarantee Agency (Miga). But even as European banks and multinational corporates pare back, stable regimes in the region are offering hope as bankers search for deals.
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Russian aluminium firm Rusal has claimed that it can reach all the requirements of its credit facilities even though it is in negotiations with its lending group for a covenant holiday.
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Malaysian-focused gold mining company Peninsular Gold's wholly-owned subsidiary, Raub Australian Gold Mining, has agreed a one-year murabaha working capital facility of up to $6m with Alkhair International Islamic Bank.