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Finance News & Analysis

News

Total outstanding sukuk

Finance is the key to Dubai’s Islamic economic vision Subscription Required

30 October 2014 | By Colin Foreman

Sovereign sukuk issuances are driving interest in Islamic finance

Carbon Holdings is in negotiations with the UAE government over a $400m investment in its giant Tahrir petrochemicals complex

Carbon Holdings negotiates $400m UAE investment Subscription Required

29 October 2014 | By Wil Crisp

Planned Tahrir petrochemicals project will involve almost $5bn in construction contracts

Oil

Oman may turn to debt market as oil prices drop

27 October 2014 | By Andrew Roscoe

Drop in oil prices is putting increasing pressure on fiscal position

Given the rising volumes of passengers travelling on the Dubai Metro, the region is beginning to establish a track record that lenders and bankers could use to predict whether project finance debts can be repaid

Project financing could be used for Gulf railways Subscription Required

23 October 2014 | By Rebecca Spong

New funding options for metro and rail projects under consideration

Orpic pushes forward with Liwa Plastics Project

Orpic pushes forward with Liwa Plastics Project Subscription Required

21 October 2014 | By Rebecca Spong

Financial adviser confirmed on Oman petrochemicals scheme

Sace is looking to support Italian exports of machinery and equipment that will be used within Morocco’s expanding infrastructure and construction sector

Italian export credit agency eyes Moroccan deals Subscription Required

20 October 2014 | By Rebecca Spong

Sace to invest $255m to boost Italian exports to North African country

Qatar Investment Authority has purchased a stake in Hong Kong-based department store operator Lifestyle International Holdings

Qatar Investment Authority makes Hong Kong investment Subscription Required

20 October 2014 | By Rebecca Spong

Asia markets hold potential for sovereign wealth fund

NCB is pushing forward with plans to list on the Tadawul, despite criticism from some Islamic clerics

Saudi Arabia’s NCB pursues listing in face of criticism Subscription Required

19 October 2014 | By Rebecca Spong

Bank says initial public offering is sharia-compliant

Saudi British Bank profits increase in third quarter

Saudi British Bank profits increase in third quarter Subscription Required

19 October 2014 | By Rebecca Spong

Results reflect wider banking sector growth

Dubai-based shipping company Gulf Navigation has won approval to issue $60m in convertible bonds

Gulf Navigation wins approval for convertible bonds Subscription Required

16 October 2014 | By Rebecca Spong

Bonds form part of Dubai shipping company’s restructuring plan

Bahrain

Bahrain advances with multibillion-dollar infrastructure plan Subscription Required

15 October 2014 | By Rebecca Spong

Government aims to attract international investors

Saudi Hollandi Bank has reported a 6.6 per cent increase in profits for the third quarter of this year

Saudi Hollandi sees growth in third-quarter profits Subscription Required

14 October 2014 | By Rebecca Spong

Results dip slightly compared with preceding quarter

Biggest sukuk issuers

Gulf sukuk pipeline remains healthy says S&P Subscription Required

14 October 2014 | By Rebecca Spong

Market buoyed by sovereign and financial institution issuance

Shuaa capital net profit

Shuaa Capital net profits soar in third quarter Subscription Required

14 October 2014 | By Rebecca Spong

Dubai investment bank achieves best quarterly results this year

Qatar National Bank reports increase in net profits

Qatar National Bank reports increase in net profits Subscription Required

13 October 2014 | By Rebecca Spong

Lender’s assets rise to new high

Safi power project kick-starts Islamic financing in Morocco

Safi project kick-starts Islamic financing in Morocco Subscription Required

12 October 2014 | By Rebecca Spong

$2.6bn independent power project reaches financial close

National Commercial Bank IPO to boost Saudi Stock Exchange

National Commercial Bank IPO to boost Tadawul Subscription Required

9 October 2014 | By Rebecca Spong

Predicted increase in offerings in coming year

Nakheel posts 47 per cent profit jump

Nakheel posts 47 per cent profit jump Subscription Required

8 October 2014 | By Rebecca Spong

Profits reach AED2.6bn for first nine months of 2014

UK Export Finance has confirmed it has provided a $110m buyer credit to support UK construction firm Carillion’s Dubai World Trade Centre project contract

UK confirms Carillion loan for Dubai project Subscription Required

7 October 2014 | By Rebecca Spong

$110m buyer credit will support Dubai World Trade Centre development

Power

Abu Dhabi’s Mirfa power and water project reaches financial close Subscription Required

7 October 2014 | By Rebecca Spong , Andrew Roscoe

Approximately $1.2bn-worth of debt raised

Cairo

Egypt to raise further bank funding to repay oil debt Subscription Required

6 October 2014 | By Rebecca Spong

Further loans expected to be raised before year-end

Riyadh

Saudi Arabia’s National Commercial Bank targets $6bn in IPO Subscription Required

6 October 2014 | By Rebecca Spong

NCB is the last remaining unlisted Saudi bank

London Stock Exchange

VTB Capital expecting to close Qatar finance deal shortly Subscription Required

2 October 2014 | By Elizabeth Bains

Transaction follows Qatar Holding’s purchase of an equity stake in parent VTB Group

Dubai Financial Market DFM at night

Ghana’s RLG Communications considers listing in Dubai Subscription Required

2 October 2014 | By Rebecca Spong

Dual listing in Ghana and Dubai possible within four years

Angola

North Africa yields attractive to investors Subscription Required

2 October 2014 | By Elizabeth Bains

Low interest rates driving investors to broaden search for higher yields

Comment

Dubai Financial Market

Exchanges vie for African company listings

6 October 2014 | By Rebecca Spong

Dubai and London bourses compete for North African business

Al-Maktoum International airport, in Dubai

UK in front for world's largest airport

18 September 2014 | By Colin Foreman

New airport, not the Expo, is the largest Dubai construction scheme

Analysis

Qatar banks net profits

Qatari banks post upbeat first nine-month results Subscription Required

23 October 2014 | By Rebecca Spong

Some lenders post lower than expected loan growth

Saudi banks quarterly profits

Saudi lenders post solid third-quarter profits Subscription Required

16 October 2014 | By Rebecca Spong

Kingdom’s banking sector remains highly competitive

Mena syndicated loan volumes

Middle East syndicated lending falls behind Subscription Required

8 October 2014 | By Rebecca Spong

UAE-based telecoms firm Etisalat raises largest loan in region

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