Emirates NBD and CARS24 will offer auto loans inn just 10 minutes for second-hand car buyers
Loan
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Dubai
Dubai’s Nakheel said to raise $4.6 billion loan to refinance debt
The company, which is the developer of the iconic Palm Jumeirah, approached a group of local banks for the loan – including Dubai Islamic Bank and Emirates NBD
Loan
Saudi wealth fund said to plan first multi-billion dollar loan
Sources say the Public Investment Fund has asked lenders to participate in its first ever loan
Abu Dhabi Fund for Development
Abu Dhabi fund approves $10.8m loan for Uganda power project
Abu Dhabi Fund for Development to provide concessionary loan for the development of a rural electrification project in Kalongo
Loan
Zain Saudi Arabia refinances $1.5bn loan deal
Telecoms operator says new agreement includes additional liquidity to fund digitally focused growth plans
Loan
Saudi Aramco, Petronas are said to near $8bn loan deal
Loan will partly finance the construction of a planned refinery and a petrochemical complex in the Southeast Asian nation
budget deficit
Oman said to mull loan deal for up to $2bn
Sources say government is in talks with international banks about pricing for the loan
Bahri
Saudi shipper Bahri inks $96m loan deal for new carriers
Subsidiary Bahri Dry Bulk signs agreement for Sharia-compliant funds from Bank Albilad
Loan
Saudi Arabia said to mull increasing $10bn loan deal
Sources say lenders are in talks with the government to increase the amount it borrowed in 2016
Business condition
GCC loan growth to slow in 2017 – research
GCC to register 4.9 percent loan growth in tough business conditions, says Coface