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Qatar’s Commercial Bank gets $166 mn int’l loan

REUTERS Commercial Bank of Qatar (CBQ) has obtained a $166 million, three-year loan from international banks for general corporate purposes, it said on Monday. Seven lenders participated in the deal, with Mizuho Bank acting as sole co-ordinator, sole bookrunner and mandated lead arranger. Agricultural Bank of China, State Bank of India and Bank of Taiwan were also mandated lead arrangers; ...

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Saudi Binladin seeks loan extension after Grand Mosque payment delay

  Riyadh / REUTERS Saudi Binladin Group has asked for an extension on a 817 million riyal ($217.8 million) Islamic loan that matured last week and which was being used to fund construction work on the kingdom’s Grand Mosque site, according to sources aware of the matter. The request to delay the payment, originally due on July 15, was because ...

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China crude buying sustained even as local supplies drop

  Bloomberg Growing demand from oil refiners and the continued filling of strategic crude reserves in the face of domestic production declines will support crude buying by the world’s second-largest consumer, according to analysts from Energy Aspects Ltd. and ICIS China. Coal imports will continue to rise to help fill a supply gap left by a mining slowdown. “Crude buying ...

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