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04 December 2014

SACE guarantees UniCredit loan for IMR Automotive

UniCredit is providing the Italian producer of automotive components, IMR Automotive (IMR), with a €2 million ($2.46 million) loan, which is insured by Italian export...

03 December 2014

Ethiopian Airlines closes first sharia compliant loan

Ethiopian Airlines has closed a 12-year, $100 million loan from Bahrain’s Islamic investment bank, Ibdar Bank, and Canada’s export credit agency (ECA), Export Development...

03 December 2014

Beazley opens office in the Middle East

The London-based specialist insurer, Beazley Group (Beazley), has announced it will open an office in the Dubai Financial Centre (DIFC) to underwrite political risk,...

03 December 2014

Middle Eastern banks lead loan facility for Afreximbank

The African Export-Import Bank (Afreximbank) has closed a two-year, $250 million term loan facility with a club of predominantly Middle Eastern banks.

02 December 2014

Egypt’s EGPC signs syndicated loan with local and foreign banks

An international and local bank syndicate has signed a major loan with the Egyptian General Petroleum Corporation (EGPC) – the country’s national oil company, designed to...

02 December 2014

Power project financing enables Saudi’s ACWA to complete first investment in Turkey

The Turkish subsidiary of the independent Saudi Arabian power project developer, ACWA Power, has raised more than half of the funds for its $1 billion combined-cycle gas...

01 December 2014

Louis Dreyfus appoints new CEO

The global merchandiser of commodities, Louis Dreyfus Commodities (Louis Dreyfus), has appointed Mayo Schmidt as its new CEO. The decision will take effect from 5 January...

01 December 2014

NIB loan for Lithuanian LNG terminal

The Nordic Investment Bank (NIB) has signed a 20-year, €34.8 million ($43.35 million) loan agreement with Klaipedos Nafta, the majority state-owned Lithuanian oil and gas...

28 November 2014

KfW IPEX and AFC sign infrastructure financing agreement

The German development bank, KfW IPEX bank, and the Africa Finance Corporation (AFC) have signed a framework financing agreement amounting to $300 million.

28 November 2014

Indonesia’s Lion Air places ATR’s largest order

Indonesia’s largest private airline, Lion Group, has signed a $1 billion purchase agreement with Italian-French aircraft manufacturer ATR for the purchase of 40 ATR...

27 November 2014

Finacity facilitates trade receivables securitisation for Korean airline

Finacity, the receivables finance company, has announced that it has facilitated a $350 million tade receivables securitisation for Korean Air Lines Company (KAL).

27 November 2014

Agricultural bank of China signs on to essDOCS’ CargoDocs solution

The Agricultural Bank of China has signed on to essDOCS’ online trade facilitation solution, CargoDocs for trade finance.

26 November 2014

EDC provides direct loan for Mexican telecom company

Canada’s export credit agency (ECA), Export Development Canada (EDC) is providing a direct loan of up to $125 million to Mexico-based telecommunications company, América...

26 November 2014

SACE guarantees loan for expansion of Giza power plant

The Italian export credit agency (ECA), SACE, has guaranteed a thirteen-year €210 million ($262.44 million) loan to Italian energy company, Ansaldo Energia, for the...

25 November 2014

PTA Bank launches new eastern and southern African trade fund

The Eastern and Southern African Trade and Development Bank (PTA Bank) has collaborated with London-based specialist emerging market investment manager, GML Capital, to...

25 November 2014

Rabobank appoints new head of TCF

Dutch multinational, Rabobank, has appointed Jasper van Schaik as its new global head of trade and commodity finance (TCF).

24 November 2014

Deutsche Bank secures loan with Damen Shipyards for the Bahamas

Deutsche Bank has announced that it has arranged a €135 million ($167.35 million) loan, financing a contract between Dutch shipyard company, Damen Shipyards (Damen) and...

24 November 2014

Denizbank appoints new head of financial institutions and trade finance

The private Turkish bank, Denizbank, has appointed Semih Ozcan as its division head of financial institution and trade finance. In his new role, he will be based in...

24 November 2014

SACE signs collaboration agreement with Vietnamese bank

The Italian export credit agency (ECA), SACE, has signed an agreement with the second largest commercial bank in Vietnam, Vietinbank.

23 November 2014

EBRD teams with ING and other agencies to co-finance loan for Turkish rail system

The European Bank for Reconstruction and Development (EBRD) is providing a €38.5 million ($48.17 million) loan to Turkey’s third-largest city, Izmir, for the expansion of...