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.
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.
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.
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, 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.
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.
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.
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.
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.
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.
Anti-government protesters holed up in a Hong Kong university searched for escape routes on Tuesday after more than two days of clashes with police, dramatic breakouts by rope and motorcycle and more than 1,000 arrests in 24 hours.