Trade Finance News

Region - Middle East

October 20, 2014

Jordanian solar funding sealed

IFC leads financiers to close US$207.5mn package to back construction of seven plants.

October 16, 2014

Interview: Fajr Capital CEO Iqbal Khan

Investment firm Fajr Capital has led a consortium to buy a minority stake in GEMS Education, a UAE-headquartered company that runs more than 50 schools around the world as well as a consulting practice and a charity.

Dubai-based Fajr Capital, shareholders in which include sovereign funds from Abu Dhabi, Brunei and Malaysia, teamed up with Bahraini sovereign fund Mumtalakat and private equity group Blackstone to back GEMS’ operations in the Middle East, North Africa and East Asia.

After announcing the deal, Fajr Capital chief executive Iqbal Khan talked to EMEA Finance editor Tim Burke about the investment and plans to grow GEMS’ business.

October 15, 2014

GEMS attracts new investors

Dubai-based schools operator welcomes three new shareholders.

October 13, 2014

Paul Hastings: Peter Schwartz

Law firm hires London-based high-yield finance specialist.

October 08, 2014

Abraaj acquires manufacturer Libstar

Dubai private equity firm Abraaj acquires South African food and personal care manufacturer.

October 06, 2014

BTMU: Masato Miyachi

Japanese bank appoints new EMEA head.

October 03, 2014

Nedbank takes 20% Ecobank stake

South African bank responds to aggressive stake-building by Qatari bank.

October 03, 2014

Deutsche Bank: Ajay Singh

Bank names new head of global issuer services.

October 02, 2014

NBF opens Islamic division

National Bank of Fujairah's new business will start with retail offering before moving into corporate banking.

October 02, 2014

Central Bank of the UAE: Mubarak Rashid Al Mansouri

Bank undergoes first change in governorship for 23 years.

October 01, 2014

Middle East Banking Awards: Open for submissions

October 01, 2014

Amanat to launch Dubai listing

Healthcare and education provider the latest in a series of companies to announce Dubai flotation.

October 01, 2014

Ahli Bank raises US$200mn loan

  • Qatari bank makes first foray into the syndicated market.
  • Doubles size of the deal after 240% oversubscription for initial US$100mn transaction.
  • Barclays, Commerzbank, HSBC and First Gulf Bank act as initial MLAs; joined by seven others in syndication.
September 29, 2014

National Bank of Oman preps bond

UPDATE: Book for five-year issuance at US$1.2bn as of mid-morning Tuesday.

September 22, 2014

NCB to list on Tadawul

Saudi bank will float 25% of its capital on the domestic stock exchange.

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