Banking

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SME Banking

Arcapita to invest in China
Bahrain-based Arcapita Bank has formed a venture with a unit of India's Tanti group to invest $2bn to develop wind power farms in China, reported Bloomberg. Arcapita and Colossus Holdings, the Singapore-based holding company of the Tanti Group that owns 66% in the world's fifth-biggest maker of wind turbines, will set up 1,650 megawatt of wind-power generating capacity in the Inner Mongolia region of China.
Bahrain: Tuesday, July 08 - 2008 at 08:06

Standard Chartered opens Project Finance unit
Standard Chartered has opened a Project Finance office in Abu Dhabi to serve clients with project finance requirements. Standard Chartered has been ranked fourth out of the top 10 worldwide project-finance deals for 2007.
United Arab Emirates: Monday, July 07 - 2008 at 10:36

Amlak announces 155% profit growth
UAE-based Amlak Finance has announced an H1 net profit jump of 155%. Profits at the end of June were Dhs269m, up from Dhs106m for the same period last year. Total revenues for the first six months were calculated at Dhs620m, up 114% on the same period last year.
United Arab Emirates: Monday, July 07 - 2008 at 08:43

Emirates NBD to ink $600m loan deal
UAE-based Emirates NBD bank is set to sign a $600m syndicated loan deal with two Turkish and two Ukrainian banks over the next month, according to a Gulf News report. The bank has been involved in 14 syndicated and joint loans so far this year, worth an estimated $17.5bn.
United Arab Emirates: Monday, July 07 - 2008 at 08:38

Al Salam Bank gains BD15m in half year
Bahrain-based Al Salam Bank Bahrain has announced its half-yearly net profit, reaching BD15.3m for the period ending on 30 June 30, 2008, the Bahrain Tribune has reported. Total assets grew by 63% from BD647m as of December 31, 2007.
Bahrain: Sunday, July 06 - 2008 at 08:56

NBAD arranges $625m loan for IPIC
The National Bank of Abu Dhabi (NBAD) and The Bank of Tokyo-Mitsubishi UFJ, Ltd. have concluded the arrangement of a $625m syndicated term loan facility for the International Petroleum Investment Company(IPIC). The loan will be used to acquire a 20% shareholding in Cosmo Oil Co., a Japanese oil refinery.
United Arab Emirates: Saturday, July 05 - 2008 at 12:31

Burgan Bank capital up by KD200m
Shareholders of Kuwait's Burgan Bank have approved to raise the bank's capital by KD200m. The capital increase is in connection with its plans to acquire a majority stake in the operations of four commercial banking entities from United Gulf Bank for $725m.
Kuwait: Saturday, July 05 - 2008 at 08:01

Deutsche to relocate equity head to Dubai
Deutsche Bank, Germany's largest bank, plans to relocate Christopher Laing, co-head of equity capital markets for the central and eastern Europe, Mideast and Africa area, to Dubai to help build the bank's regional business, reported Bloomberg. Laing will report to Ricardo Honegger, head of global markets in the Middle East and Africa, as well as CEEMEA head of equity and debt capital markets Ashok Aram.
United Arab Emirates: Thursday, July 03 - 2008 at 07:45

Index : Banking : Page 31