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Stalled Chile solar farm seeks $800 million in debt to restart

Photocell boards

Bloomberg A stalled solar-thermal project in northern Chile backed by a US private equity investor is seeking about $800 million in debt to resume construction, according to people familiar with the deal. EIG Global Energy Partners, the US private equity investor that took over the $1 billion Cerro Dominador solar plant last year, has received interest from “several international banks,” ...

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Jordan-Iraq border crossing to reopen in major boost to trade

AMMAN / Reuters Jordan will open its main border crossing with Iraq on Wednesday for the first time since 2015, now that Iraqi forces have gained control of the main highway to Baghdad from IS militants, both governments said. Iraqi troops pulled out of the Tureibil post, on the 180 km (110 mile) border, in summer 2014 after the militants ...

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Debt issues mount as Lebanon begins long-delayed reforms

Lebanon economy

BEIRUT / Reuters Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more to prevent its rising debt spinning out of control. President Michel Aoun, elected last year after 29 months without a head of state, signed off last week on public sector pay rises and tax increases ...

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