Region - Middle East
Kuwait to build US$1.5bn wastewater plant
Kuwait has invited bids from the private sector to help develop a wastewater treatment plant in the south of the country, which could be worth some US$1.5bn, according to HSBC.
The Partnerships Technical Bureau (PTB), which manages PPPs on behalf of the government, will work with private companies to build, finance and operate the Umm Al-Hayman plant.
The project will be funded by a combination of state funds, equity and debt from commercial banks and export credit agencies.
Gulf Finance names vice chairman
Al-Binali to support Dubai lender’s expansion plans.
Arab Banking Corp changes London management
Bahrain bank announces new CEO and deputies for European subsidiary.
Emirates Islamic Bank to issue US$500mn sukuk
Bank opens order book following investor meetings last week.
Saudi banks to increase capital
SABB and Saudi Hollandi Bank’s plans approved by regulator.
Arqaam to buy Egyptian broker
Investment bank extends MENA coverage with El Rashad Securities deal.
QIB funds taxi project financing
Qatari bank backs Al Million with Islamic funding package.
Al Babtain bids for Petitjean assets
Saudi Arabian engineering group aims to acquire French street lamp company.
Euro recovery could help MENA IPOs
A resolution to Europe’s debt crisis in 2012 will help MENA’s IPO market recover following a poor performance last year, Maria Pinelli, Ernst & Young’s global vice-chair of strategic growth markets, has said.
MENA’s IPO market raised US$843.9mn in 2011, a 69.3% decline on the US$2.8bn raised in the previous year due to the eurozone's problems hitting investor confidence.
BankMuscat receives debt funding from IFC
US$170mn package for Omani bank will back lending to businesses and home buyers.
Qatar Petroleum closes funding
US$10bn gas development marks 2011’s largest project financing.
Emirates Islamic Bank prepares sukuk
Bank to hold investor meetings this week ahead of dollar issuance.
