Business & Management

Saudi Aramco signs new standby credit facilities

Saudi Aramco agrees new standby credit facilitiesOil and gas company Saudi Aramco has signed a US$10bn loan agreement with 27 financial institutions with an aim to secure better borrowing terms 

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Value of exports and re-exports reach US$49bn in 15 years, states Dubai Chamber

kingdom-BroadArrow-WCMembers of the Dubai Chamber of Commerce and Industry have reported an increase in the value of exports and re-exports from US$4.6bn to US$49bn in 15 years, while Saudi Arabia remains a priority market after having retained its share of 45 per cent of exports

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Afreximbank and IDB agree African cooperation

Afreximbank and IDB agree African cooperation The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB), has signed a cooperation agreement with the African Export-Import Bank (Afreximbank)

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Doha Bank introduces tablet banking for Qatari customers

Dohabank-tabletDoha Bank has enabled tablet banking for its customers in Qatar, which allows them to open accounts and receive debit cards at any of the bank’s branches

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NBAD keen to tap into multi-trillion energy investments in the Gulf

nationalbankofabudhabi-gordontour-flickrNational Bank of Abu Dhabi (NBAD) hopes to capitalise on the US$48 trillion energy investments in the Gulf over the next 20 years by developing innovative financial models to promote clean energy projects

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