Abu Dhabi banks soar on merger talks; Gulf stock markets mostly up
Shares in Abu Dhabi banks skyrocket early on Sunday on news that National Bank of Abu Dhabi (NBAD) and First Gulf…
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National Bank of Abu Dhabi
Abu Dhabi banks said in talks to form biggest lender in MENA
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC are exploring a potential merger to create the largest…
7 banks, Dubai developer Majid Al Futtaim sign $281.6mn syndicated loan
A consortium of banks including seven banks inked a 2.5 billion Egyptian pounds ($281.6 million) syndicated loan…
UAE retailer Majid Al Futtaim inks $281.6mn loan for Egypt project
A banking consortium has signed Wednesday a 2.5 billion Egyptian pounds ($281.6 million) loan for Dubai-based…
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
Ten Egyptian banks sign $1.2bn loan deal for Siemens power plants
A group of 10 major banks has signed one of the biggest financing deals in Egypt’s energy sector, amounting to 10…
10 banks to sign multi-billion Egyptian pounds loan for power projects today
A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…
Egyptian Electricity Holding gives nod to nine banks’ $1.26bn loan offer
State-run Egyptian Electricity Holding Company (EEHC) has approved a loan offer worth 10 billion Egyptian pounds…
Most of Gulf markets fall but SABIC supports Saudi stocks
Most Gulf stock markets fell in modest trading volumes Wednesday with the weakness of global equity markets putting…
Six global lenders eye financing Egypt top refinery Midor’s expansion scheme
Six foreign lenders are bidding to finance a project to upgrade Egypt's state-owned Middle East Oil Refinery…
