Region - Middle East & North Africa
Sberbank nets ME line
Russian bank Sberbank has signed a US$300mn one-year loan with a group of Middle Eastern banks.
Gulf and Kexim ink MOU
The Export Import Bank of Korea (Kexim) has signed a memorandum of understanding (MOU) with Gulf Bank, Kuwait.
Kuwaiti co takes Fimbank stake
The Kuwaiti government’s largest investment firm has acquired a controlling stake in Fimbank.
BACB hires Mena markets head
Nabil Frik has been appointed as British Arab Commercial Bank’s (BACB) head of Mena markets.
Iraqi bank seeks pastures new
The Trade Bank of Iraq (TBI) is planning to open branches in Lebanon and Turkey, as well as expanding its domestic reach.
Isbank secures two loans
Turkey’s Isbank has secured a US$1.2bn refinancing package from a syndicate of 47 banks.
KfW funds cleaner manufacturing
KfW Ipex has provided finance to clean up two existing manufacturing centres.
Tractor finance for Turkish firm
The EBRD and commercial banks have lent a Turkish tractor engine manufacturer €75mn in finance.
ITFC adopts Islamic software
The ITFC has signed an agreement to implement software from Path Solutions, an Islamic software provider.
FBN advances ME presence
John Vowell, FBN Bank UK’s director of STCF has moved from the bank’s London office to Abu Dhabi.
Petrochems firm nets expansion loan
Petroceltic International, an oil and gas explorer and producer, has secured a US$500mn loan.
Freshfields hires finance partner
International law firm Freshfields Bruckhaus Deringer has hired Tim Pick as a new finance partner.
US Exim enters into Dubai MOU
US Exim has signed a US$5bn MOU with Dubai Economic Council.
Gunvor ME opens credit line
Gunvor Group has secured a US$300mn revolving credit facility for its Middle Eastern operations.
