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Aluminium Bahrain seeks $750 mln loan for expansion -sources

DUBAI, June 21- Aluminium Bahrain has approached banks for a $750 million loan towards the financing of its Line 6 expansion project, sources told Reuters on Tuesday. Production from the facility is expected to start in early 2019 and Alba is raising around $3 billion to help finance the scheme, through a mixture of loans from banks and export credit agencies and...

Source: Reuters

Aluminium Bahrain seeks $750 mln loan for expansion -sources

DUBAI, June 21- Aluminum Bahrain has approached banks for a $750 million loan towards the financing of its Line 6 expansion project, sources told Reuters on Tuesday. Production from the facility is expected to start in early 2019 and Alba is raising around $3 billion to help finance the scheme, through a mixture of loans from banks and export credit agencies and an...

Source: Reuters

UAE banks NBAD and FGB confirm merger talks, shares soar

Shares in National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) soared on Sunday after they confirmed discussing a possible merger.

Source: Reuters

UPDATE 1-UAE banks NBAD and FGB confirm merger talks, shares soar

*Low oil prices prompt Abu Dhabi banks to restructure. June 19- Shares in National Bank of Abu Dhabi and First Gulf Bank soared on Sunday after they confirmed discussing a possible merger to create what would be one of the largest banks in the Middle East and Africa. Both banks have close links to the Abu Dhabi government, which has been cutting costs and...

Source: Reuters

By 2020, half the world's wealth will be controlled by millionaires

Millionaires will control more than half of the world's wealth by 2020, according to a new report, with the richest millionaires gaining the most.

Source: CNBC.com

Boston Market plans to open restaurants in Middle East

DENVER— Boston Market is expanding overseas, with plans to open more than two dozen restaurants in the Middle East over the next few years, the Golden, Colorado- based company announced Monday. It will be the first Boston Market abroad in a decade, since former owner McDonald's sold the company and closed outlets in Canada and Australia. Boston Market also is...

Source: The Associated Press

Saudi Arabia lines up banks for $15B debut bond sale

Saudi Arabia has summoned bankers to meetings in Riyadh next week as it seeks to launch its debut international bond, the Financial Times reports.

Source: Financial Times