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Finance News & Analysis


Al-Jaber Group seeks amendments in $4bn debt restructuringSubscription

Abu Dhabi-based company negotiating with committee of banks


World Bank set to release $1bn to EgyptSubscription

Cairo finds itself reverting back to support from international financial institutions


Construction sector faces cash-flow crisisSubscription

Clients have delayed payments as government revenues fall on oil price slump

Lebanon exports

Beirut seeks more Eurobonds in 2016Subscription

The new legislation allows the government to issue new Eurobonds of more than $3bn next year

Electricity transmission

Kuwait signs Egypt-Saudi electricity link funding dealSubscription

The 25-year loan will cover 15 per cent of the Egyptian side of the project

Nassef Sawiris, CEO of Orascom Construction

Orascom reports third quarter results Subscription

Net income of $24.5m on $1.1bn of revenues

Egypt power

Siemens turbine deal reaches financial closeSubscription

German banks finance record power deal in Egypt

Emal still evaluating bids for power project

Emirates Global Aluminium aims for $4.9bn loanSubscription

UAE firm hopes to refinance by the end of 2015

UK bank Standard Chartered's headquarters in London, the UK

Standard Chartered cuts 100 jobs in UAESubscription

Standard Chartered has cut close to 100 jobs from its UAE operations as the London-based lender implements a global overhaul of management to save up to $2.9bn in costs.


Bahrain looks to private finance for gas projectsSubscription

International funding needed

 Arcadis signs HSBC management deal

HSBC lays off 150 employees in UAESubscription

Lender is striving to save costs amid declining profitability

Muscat, Oman

Standard & Poor's lowers Oman ratingsSubscription

Sharp increase in budget deficits expected due to lower oil prices

Japan to provide soft loan for Egypt irrigation project

Egypt requires drastic changes to forex policies Subscription

Interview with Radi el-Helw, executive director, Arqaam Securities

King Abdullah Financial District in Riyadh

Saudi Arabia expected to cut budget spending in 2016Subscription

Reducing expenditure on infrastructure projects is easiest option for policy makers

Egypt power

Egypt seeks loans from South Korean development fundSubscription

Egypt in talks with South Korean fund for two loans totalling $247m

Challenging environment for construction sector

CCC secures $350m cash cushion for delayed paymentsSubscription

Regional contractor may borrow more if payments continue to be delayed

CT scanner

Dubai's Al-Masah plans subsidiary IPOSubscription

Healthcare provider to be listed in London

Road construction

Development bank prepares roads loan for Tunisia Subscription

Development lending for roads tops $700m in 2015

Onshore oil drilling

Omani oil company receives equity injectionSubscription

Masirah Oil issues $12.8m of new shares

Project spending: Dubai’s construction sector is slowing in 2015 following four years of growth

Drake & Scull records losses for third quarter Subscription

Company is struggling with challenging market conditions

Egypt Cairo

Central Bank of Egypt moves to strengthen currencySubscription

Financial sector surprised by new strategy


Kuwaiti bank finalises Egypt acquisitionSubscription

Deal will help regional expansion

Saudi Arabia

Saudi Arabia to issue international bondsSubscription

Bonds on global markets will finance 10 per cent of budget deficit

Power plant

Qatar IWPP to close in mid-NovemberSubscription

Japanese financing is being used for power and water project

Philippa Wilkinson

Egypt electricity loans come throughSubscription

Currency risk will limit flow of finance


UAE banking system brace for headwindsSubscription

International banks have started cutting costs and others will follow

Philippa Wilkinson

Kuwait and Tunisia's bumpy road to PPPSubscription

New legal frameworks build on earlier lessons

Philippa Wilkinson

Bankability is deciding factor on PPPSubscription

With new, untested regulations, giving investors clarity and security will be essential

Philippa Wilkinson

Oman puts hope in PPPSubscription

Lack of funding for next five-year plan prompts turn to private sector

Philippa Wilkinson

Plundering SWFs is short-sightedSubscription

Accessing sovereign wealth funds prioritises today’s spending over future needs

Philippa Wilkinson

Infrastructure financing back on the agendaSubscription

Turning to private finance in a downturn is a poor solution

Jennifer Aguinaldo

New PPP laws just a first stepSubscription

Model requires political will and mindset shift to succeed