Tagged: Arab Banking Corporation

UM Err…

UM Err…

The effects of the ‘Arab Spring’ in North Africa may have presented fantastic opportunities for Islamic finance according to Patrick AbiHabib of Arab Banking Corporation.
He explained that the transitional authorities in Libya, Tunisia and Egypt ha…

Investment Dar restructuring process under way

Investment Dar restructuring process under way

The Investment Dar Company stated that the investors’ coordination and liaison committee has been concluded.
The committee will mediate with the company at regular face-to-face meetings, establish regular reporting processes and will assign a qualified…

Emirates Steel gets $1bn loan for expansion

Emirates Steel gets $1bn loan for expansion

UAE’s Emirates Steel Industries, which controls a majority of the country’s steel market with an annual output of two million tons, on Wednesday secured a $1.1 billion loan from a group of regional banks as it seeks to expand its production capacity.
T…