March

Al Jaber seeks ECA financing 11 March 2010

Al Jaber is planning to raise funds through export credit agency facilities and the bond market.

SG signs Faso Coton pre-export financing 11 March 2010

Société Générale has closed a pre-export financing for Burkina Faso cotton producer Faso Coton.

BAML names EMEA treasury head 08 March 2010

Bank of America Merrill Lynch has named a new regional treasury executive for Europe, the Middle East and Africa.

Citibank opens financial centre in Dubai 04 March 2010

Citibank has opened the Jebel Ali Financial Centre, Dubai, to provide business and financial solutions for small and mid-market enterprises.

OFID signs credit line for PTA Bank 04 March 2010

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.

EMEA industrials head appointed at Citi GTS 02 March 2010

Citi names veteran transaction banking specialist to head up the industrials sector for corporate clients in EMEA.

February

Afreximbank upgrades Zimbabwean mines 23 February 2010

Africa’s Export-Import Bank (Afreximbank) has unveiled a financing package for Zimbabwe’s gold and platinum mines.

Faisal Bank reveals trade finance ambitions 19 February 2010

The new CEO for Swiss Islamic specialist Faisal Private Bank has revealed the bank is actively building a trade finance arm.

Bank Asya mandates Islamic trade loan 19 February 2010

Turkey’s Bank Asya has mandated banks to arrange a syndicated Sharia-compliant dual currency loan to fund its trade finance activities.

JPMorgan opens in Abu Dhabi 18 February 2010

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.

AfDB picks new chief economist 18 February 2010

The African Development Bank has appointed Professor Mthuli Ncube as the bank’s new chief economist.

ATFP increases credit line to Jordan 16 February 2010

Jordan has signed an extension line of credit agreement to increase a previous loan by the Arab Monetary Fund.

IFC pledges billions for Africa 12 February 2010

The World Bank’s International Finance Corporation has promised to invest $2 billion in Africa by June 2010.

Kexim leads UAE nuclear project 11 February 2010

Kexim is to devise a financing package for a large-scale nuclear reactor project in the United Arab Emirates.

DAE prices latest US Ex-Im aircraft bond 10 February 2010

Dubai Aerospace Enterprise is the latest organisation to price a US Ex-Im bond for the purchase of aircraft.

US Ex-Im inks loan for Israel’s hydrocracker 09 February 2010

Israel’s Oil Refineries (ORL) has secured a financing framework to build a hydrocracker project- described as Israel’s “largest investment plan this year”.

Abu Dhabi planning export agency 03 February 2010

Abu Dhabi plans to create an export development agency in the third quarter of 2010 to boost its non-oil exports.

Deutsche Bank opens in Abu Dhabi 01 February 2010

Deutsche Bank expands its UAE presence with a branch in Abu Dhabi that will initially focus on trade finance and global transaction banking.

January

Dubai offers exporter training 26 January 2010

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

Hermes backs Mauritanian miner 18 January 2010

German export credit agency Euler Hermes is guaranteeing a buyer credit loan for Mauritanian miner Societe Nationale Industrielle et Miniere.

HSBC to aid UAE SMEs 13 January 2010

HSBC has launched a $100 million fund specifically for UAE companies engaged in cross-border business.

OPIC makes SME loan to Garanti 07 January 2010

The US development bank, OPIC, has arranged a loan to Garanti bank for SME lending in Turkey.

Al Jaber Aviation closes ECA financing 04 January 2010

Dubai-based Al Jaber Aviation has closed an ECA financing for Airbus aeroplanes.