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22 June 2015

ENOC signs $1.5 billion syndicated loan

Dubai-based refining and trading company Emirates National Oil Company (ENOC) has secured a $1.5 billion syndicated loan through some 21 banks which took part in the...

18 June 2015

UKEF reports strong performance through 2014-2015

UK Export Finance (UKEF), the UK’s export credit agency, has released its 2014-2015 annual report which reveals a strong performance through the year by the agency with a...

10 June 2015

Boost for DRC trade with ATI credit risk agreement

The central bank of the Democratic Republic of Congo (DRC) has reached an agreement with the African Trade Insurance Agency (ATI) whereby banks will receive up to 50%...

01 June 2015

AfDB signs loans for Egypt’s Sharm el-Sheikh airport development

The African Development Bank (AfDB) has finally formally signed two loans and a letter of agreement for the development of Egypt’s Sharm el-Sheikh airport and to support...

26 May 2015

US Ex-Im and ICIEC provide loan for refurbishing PIA aircraft engines

The Export-Import Bank of the United States (US Ex-Im), along with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), is providing a $55...

08 May 2015

Euler Hermes signs distribution agreement with Al Hilal Takaful

German export credit agency (ECA) Euler Hermes has signed a distribution agreement with Al Hilal Takaful – the takaful insurance subsidiary of the state-owned and fully...

05 May 2015

Topaz Energy and Marine secures $550 million facility

Dubai-headquartered Topaz Energy and Marine, a leading offshore support vessel company, has signed a new $550 million loan facility. The new facility is arranged over...

15 April 2015

AfDB commits funds to Egypt’s Sharm El-Sheikh airport expansion project

The African Development Bank Group (AfDB) has approved a $140 million loan to Egypt’s Sharm El-Sheikh Development Project. The project includes construction of a new...

30 March 2015

Update: Emirates set to close UKEF-backed sukuk

Emirates, the Dubai-based airline, is set to wrap up its much-anticipated sukuk guaranteed by British export credit agency (ECA) UK Export Finance (UKEF), after...

26 March 2015

APICORP secures $950 million shariah-compliant syndicated financing

Saudi Arabian-based investment company, the Arab Petroleum Investments Corporation (APICORP), has successfully secured new financing through a shariah-compliant...

24 March 2015

Update: Emirates sets guidance on UKEF-backed sukuk

Dubai-based airline Emirates has set the initial price guidance on its mooted $913 million sukuk – Islamic bond – guaranteed by the British export credit agency UK Export...

20 March 2015

Petro Rabigh seals $5 billion financing from Japanese-led consortium

The Rabigh Refining and Petrochemical Company (Petro Rabigh) has secured $5.168 billion worth of project financing for its integrated oil refinery and petrochemical plant...

16 March 2015

IsDB provides Egypt with $4 billion financing package

The Islamic Development Bank (IsDB) is providing Egypt with a $4 billion financing package in support of a selection of energy and infrastructure projects. The deals were...

16 March 2015

Emirates mandates banks for debut UKEF-backed sukuk

Dubai-based airline Emirates has mandated eight banks to arrange a sukuk – an Islamic bond – guaranteed by British export credit agency (ECA) UK Export Finance (UKEF).

13 March 2015

Cash management exits at Commerzbank following sanctions violations

Two employees within Commerzbank’s cash management and international business department will leave the bank, as part of the agreement which saw a $1.45 billion fine...

16 February 2015

National Petroleum Services secures refinancing facility

The Dubai-headquartered oil and gas services provider National Petroleum Services Group (NPS) has successfully secured a $200 million refinancing arrangement through...

26 January 2015

Indonesia’s Danamon and ITFC sign Shariah trade finance cooperation agreement

Bank Danamon Indonesia (Danamon) has signed a trade finance cooperation agreement with the International Islamic Trade Finance Corporation (ITFC) which initially provides...

16 January 2015

IsDB financing package for Burkina Faso to boost infrastructure

The Islamic Development Bank (IsDB) has provided Burkina Faso with a financing package specifically targeted for the development of the country’s infrastructure.

14 January 2015

ITFC signs Murabaha financing with Burkina Faso’s SOFITEX

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) has signed a Murabaha agreement with the government of Burkina...

12 January 2015

NBAD appoints head of debt origination and distribution, South-East Asia

The National Bank of Abu Dhabi (NBAD), has appointed Wynce Low as executive director and head of debt origination and distribution for South-East Asia.