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March
Al Jaber is planning to raise funds through export credit agency facilities and the bond market.
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Société Générale has closed a pre-export financing for Burkina Faso cotton producer Faso Coton.
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Bank of America Merrill Lynch has named a new regional treasury executive for Europe, the Middle East and Africa.
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Citibank has opened the Jebel Ali Financial Centre, Dubai, to provide business and financial solutions for small and mid-market enterprises.
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OFID and the Eastern and Southern African Trade and Development Bank have signed a one-year renewable line of credit to boost trade in sub-Saharan Africa.
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Citi names veteran transaction banking specialist to head up the industrials sector for corporate clients in EMEA.
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February
Africa’s Export-Import Bank (Afreximbank) has unveiled a financing package for Zimbabwe’s gold and platinum mines.
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The new CEO for Swiss Islamic specialist Faisal Private Bank has revealed the bank is actively building a trade finance arm.
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Turkey’s Bank Asya has mandated banks to arrange a syndicated Sharia-compliant dual currency loan to fund its trade finance activities.
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JPMorgan is the latest bank to open an Abu Dhabi office on the back of the emirate’s increasingly prominent role in finance post-Dubai debt crisis.
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The African Development Bank has appointed Professor Mthuli Ncube as the bank’s new chief economist.
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Jordan has signed an extension line of credit agreement to increase a previous loan by the Arab Monetary Fund.
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The World Bank’s International Finance Corporation has promised to invest $2 billion in Africa by June 2010.
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Kexim is to devise a financing package for a large-scale nuclear reactor project in the United Arab Emirates.
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Dubai Aerospace Enterprise is the latest organisation to price a US Ex-Im bond for the purchase of aircraft.
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Israel’s Oil Refineries (ORL) has secured a financing framework to build a hydrocracker project- described as Israel’s “largest investment plan this year”.
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Abu Dhabi plans to create an export development agency in the third quarter of 2010 to boost its non-oil exports.
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Deutsche Bank expands its UAE presence with a branch in Abu Dhabi that will initially focus on trade finance and global transaction banking.
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January
Dubai Export Development Corporation (DEDC), an agency of the Dubai Department of Economic Development, is set to offer the first in a series of seminars to encourage UAE firms to export
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German export credit agency Euler Hermes is guaranteeing a buyer credit loan for Mauritanian miner Societe Nationale Industrielle et Miniere.
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HSBC has launched a $100 million fund specifically for UAE companies engaged in cross-border business.
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The US development bank, OPIC, has arranged a loan to Garanti bank for SME lending in Turkey.
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Dubai-based Al Jaber Aviation has closed an ECA financing for Airbus aeroplanes.