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United States

Archana Narayanan

Exclusive: Al Khaliji, Ahli Bank, IBQ in talks on 3-way Qatar bank merger - sources

Mar 17 2016

DUBAI Qatari lenders Al Khalij Commercial Bank , Ahli Bank and International Bank of Qatar are in early-stage talks on a merger that could pool assets worth more than $30 billion, three people with knowledge of the matter told Reuters.

Saudi Electricity refinances $1.14 bln loan for gas power plant -sources

Mar 09 2016

DUBAI, March 9 State-run utility Saudi Electricity Co (SEC) and its partners in a gas-fired power plant in Saudi Arabia have refinanced a $1.14 billion loan for the project, an executive and sources told Reuters.

Exclusive: Saudi Arabia seeks $6-8 billion bank loan to shore up state coffers

Mar 09 2016

DUBAI Saudi Arabia is seeking a bank loan of between $6 billion and $8 billion, sources familiar with the matter told Reuters, in what would be the first significant foreign borrowing by the kingdom's government for over a decade.

Saudi Arabia sends requests to banks for $6-8 bln loan -sources

Mar 09 2016

DUBAI, March 9 Saudi Arabia's government has asked banks to submit proposals to extend it a five-year, U.S. dollar loan of between $6 billion and $8 billion, with an option to increase the size, sources familiar with the matter told Reuters on Wednesday.

Dubai's TECOM Group talks to banks about 1 bln dirhams loan

Feb 25 2016

DUBAI, Feb 25 TECOM Group, a business park operator with a major role in developing Dubai's economy, is in the market for a syndicated loan of up to 1 billion dirhams ($272 million), banking sources said on Thursday.

Abu Dhabi's Aabar closes in on near-4 bln euro financing - sources

Feb 25 2016

DUBAI, Feb 25 Abu Dhabi state fund Aabar Investments is close to securing a loan worth almost 4 billion euros ($4.4 billion) to refinance existing debts, three sources aware of the matter told Reuters on Thursday.

Oman talking to banks ahead of potential dollar bond in Q2 - sources

Feb 25 2016

DUBAI, Feb 25 The government of Oman is in talks with banks about a sovereign dollar bond issue, sources aware of the matter said on Thursday, as the Gulf nation looks to tap international bond markets to shore up state finances pressured by low energy prices.

Nakheel seeking 5 bln dirhams loan, first sizable borrowing since crisis

Feb 15 2016

DUBAI, Feb 15 Dubai property developer Nakheel is seeking to borrow 5 billion dirhams ($1.4 billion) from banks, sources aware of the matter said, in what would be its first attempt to raise sizeable debts since it almost collapsed at the turn of the decade.

Kuwait c.bank engineers ease of pressure on dinar -bankers

Feb 15 2016

DUBAI, Feb 15 The Kuwaiti central bank has succeeded in reducing downward pressure on the dinar by using its daily fixings of the currency's spot rate to deter traders from speculating against it, commercial bankers say.

Qatar's Ooredoo seeking over $1.5 bln via bonds, loans -sources

Feb 08 2016

DUBAI, Feb 8 Qatari telecommunications firm Ooredoo is in talks with banks to raise more than $1.5 billion through bonds and loans this year, sources told Reuters on Monday.

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