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Singapore-based Olam Agri, the food, feed and fiber operating group of Olam Group, has secured a $745 million financing facility from the UAE banks to refinance existing loans for general corporate purposes, Zawya reports. Abu Dhabi Commercial Bank, First Abu Read more
Oman will launch operations of its biggest solar plan, Ibri II, by mid-2021, Trade Arabia reports. The project located in near Ibri, the capital of the Dhahirah Governorate, is currently under construction. Acwa Power, Gulf Investment Corporation (GIC) and Alternative Read more
Saudi Electricity Company (SEC), the largest electricity company in the Arab world, inked Thursday a deal for a $2.15-billion revolving credit facility with eight international financial institutions that have agreed to support the utility company expand its public work. The Read more