For full coverage of Middle East business, see MEED The Iran-EU Centre for Economic Co-operation was opened in today in Berlin in a further sign of growing interest among European countries in doing business with the Islamic republic following the…
Month: May 2016
Saudi Arabia ponders massive bond sale
For full coverage of Middle East business, see MEED Saudi Arabia, encouraged by the strong demand for GCC debt among international banks, is considering the sale of up to $15 billion of bonds this year, Bloomberg reported today. It would…
UK signs rail agreement with Iran
For full coverage of Middle East business, see MEED A memorandum of understanding (MoU) between the UK and Iran about rail transport has been signed during a visit to London by Islamic Republic of Iran Railways president Mohsen Pourseyyed Aghaei.…
Gulf Bank sells KD 100m in BBB bonds
For full coverage of Middle East business, see MEED Kuwait’s Gulf Bank said today that it had issued KD 100m worth of 10-year non-callable before 5 years, Tier 2 Basel III – compliant subordinated bonds. KAMCO Investment Company and Kuwait…
SMEs invited for QR 70m of projects
Qatar Development Bank CEO Abdulaziz bin Nasser Al Khalifa, Chief Executive Officer and managing diredtor and chairman of Qatar Shell Companies Michiel Kool announced opportunities for SMEs (Abdul B/The Peninsula) For full coverage of Middle East business, see MEED Qatar Development Bank…
KNPC finalising clean fuels megaloan
The Clean Fuels Project is being built at Mina al-Ahmadi (see map) For full coverage of Middle East business, see MEED Kuwait National Petroleum Company (KNPC) is in the final stages of talks with international financial institutions for the $6.4 billion…
New bank for Abu Dhabi finance zone
For full coverage of Middle East business, see MEED Abu Dhabi Financial Group (ADFG) and Bahrain’s GFH Financial Group are setting up a a jointly-owned Islamic bank in Abu Dhabi’s new financial free zone, ADFG chief executive Jassim Al Seddiqi…
Tuna plant for KAEC
For full coverage of Middle East business, see MEED Golden Tuna has agreed to build its first tuna canning plant in the Middle East in King Abdullah Economic City (KAEC), it was announced yesterday. It will occupy a 35,906 square-metre…
Lulu to open 12 Saudi hypermarkets
For full coverage of Middle East business, see MEED Lulu Group, the Abu Dhabi-based retail company, said on Sunday it planned to open 12 new hypermarkets in Saudi Arabia by the end of 2018. It opened this month its 125th…
Sabic to build joint venture petchems in China
For full coverage of Middle East business, see MEED Saudi Basic Industries Corporation (Sabic) said on Monday it had signed an agreement with Shenhua Ningxia Coal Industry group to build a petrochemical complex in China. Sabic said in a statement…