Standard Chartered Bank plans to close an USD 100mn private equity deal before the end of 2010, Trade Arabia business website reported without disclosing more details. The first private equity in the region will focus on sectors including oil and gas, retail, telecoms and manufacturing. Earlier in October, Standard Chartered announced the launch of its new operating leasing platform for shipping clients in Asia, Africa and the Middle East. |
|
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more