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Diana Shipping signs $165m loan from BNP Paribas

ATHENS: Diana Shipping has secured a five-year $165m loan facility from BNP Paribas, which it has used to pay off outstanding debt. The company drew down the full $165m from the facility on July 24, having signed the deal with the bank on July 22. The loan has been secured against 18 of Diana’s 41 vessels: Oceanis, Alcyon, Nirefs, Triton, ... Read More »

Diana Shipping signs loan deal worth $165m with BNP Paribas

ATHENS: NYSE-listed Diana Shipping has secured a five-year $165m loan facility from BNP Paribas, which it has used to pay off outstanding debt. The company drew down the full $165m from the facility on July 24, having signed the deal with the bank on July 22. The loan has been secured against 18 of Diana’s 41 vessels: Oceanis, Alcyon, Nirefs, ... Read More »

Jordan’s ITFC signs $3 billion funding agreement

AMMAN: Jordan’s state news agency Petra reports that the Government has given the go-ahead for the signing of a $3-billion soft loan framework agreement with Islamic Development Bank subsidiary the International Islamic Trade Finance Corporation (ITFC) that will assist in the financing of imported basic goods and commodities. The decision to sign the agreement was taken during a cabinet meeting ... Read More »

Magnolia LNG signs contract with Meridian

COPENHAGEN: Magnolia LNG has signed a deal to provide liquefaction services of up to 2m tpa at Meridian LNG’s terminal on the Calcasieu shipping channel at Lake Charles, Louisiana. The tolling agreement has an initial term of 20 years and firm annual capacity of 1.7m tpa. The contract includes the option to extend the contract term by a further five ... Read More »

Hungary signs for EIB loan for €500 million

BUDAPEST: Hungary signed for a €500 mln loan from the European Investment Bank (EIB) on Monday, state news agency MTI reported yesterday. The agreement was signed by EIB Vice President László Baranyay and National Economy Minister Mihály Varga. Varga said the preferential credit would make co-financing for European Union funded projects easier. Baranyay said the credit would support some €9 ... Read More »

Jordan signs pact to create Asian bank for investment

AMMAN: Minister of Planning and International Cooperation, Imad Fakhoury, Monday signed an agreement to establish the Asian Infrastructure Investment Bank (AIIB) in Beijing as a founding member along with other 57 countries. The agreement, considered as the legal document and reference for organizing the bank’s work, includes articles about the bank’s objectives, scope of work, membership conditions and distribution of ... Read More »

Portugal signs agreements with Cuba to facilitate food exports

LISBON: Portugal’s secretary of state for agricultural and food research, Nuno Vieira e Brito, has announced that he had signed two agreements with Cuba’s government to facilitate exports from Portugal to that country during a four-day visit to Havana. The secretary of state was accompanied on the trip by representatives of 10 Portuguese companies keen to promote their products in ... Read More »

Jordan signs pact to create Asian bank for investment

AMMAN: Minister of Planning and International Cooperation, Imad Fakhoury, Monday signed an agreement to establish the Asian Infrastructure Investment Bank (AIIB) in Beijing as a founding member along with other 57 countries. The agreement, considered as the legal document and reference for organizing the bank’s work, includes articles about the bank’s objectives, scope of work, membership conditions and distribution of ... Read More »

Royal Jordan’s signs agreement with AFI KLM E&M Fabrice Defrance on June 16 Paris Air Show 2015

AMMAN: Royal Jordanian decided to renew the contract signed in 2011 with AFI KLM E&M covering component support for its Airbus A330s. The agreement includes repairs and access to the spares pool on a flight hour basis. Royal Jordanian President/CEO Captain Haitham Misto signed the contract with Senior Vice President Commercial AFI KLM E&M Fabrice Defrance on June 16 during ... Read More »

Royal Jordanian signs agreement with AFI KLM E&M Fabrice Defrance on June 16 Paris Air Show 2015

AMMAN: Royal Jordanian decided to renew the contract signed in 2011 with AFI KLM E&M covering component support for its Airbus A330s. The agreement includes repairs and access to the spares pool on a flight hour basis. Royal Jordanian President/CEO Captain Haitham Misto signed the contract with Senior Vice President Commercial AFI KLM E&M Fabrice Defrance on June 16 during ... Read More »

Royal Jordanian signs agreement with AFI KLM E&M Fabrice Defrance on June 16 Paris Air Show 2015

AMMAN: Royal Jordanian decided to renew the contract signed in 2011 with AFI KLM E&M covering component support for its Airbus A330s. The agreement includes repairs and access to the spares pool on a flight hour basis. Royal Jordanian President/CEO Captain Haitham Misto signed the contract with Senior Vice President Commercial AFI KLM E&M Fabrice Defrance on June 16 during ... Read More »

PSA signs a joint venture agreement with BPG, PIL to operate container terminal in China

ATHENS: Singapore’s PSA International has signed a joint-venture agreement with Beibu Gulf Port Group (BPG) and Pacific International Lines (PIL) to operate a new container terminal in Qinzhou City in China’s Guangxi province. Operations are expected to commence at the terminal in the final quarter this year. The terminal will have capacity to handle 3m teu of containers each year, ... Read More »

Jordanian’s GAM signs $152m deal with French agency for rapid bus project

AMMAN: The Greater Amman Municipality (GAM) and the French Agency for Development (AFD) signed on Monday an agreement to fund the Bus Rapid Transit (BRT) project with $152 million, the Jordan News Agency, Petra, reported. Amman Mayor Aqel Biltaji, Regional Director of the AFD in the Middle East and North Africa Marie Hélène Loison and French Ambassador to Jordan Caroline ... Read More »

Jordanian’s GAM signs $152m deal with French agency for rapid bus project

AMMAN: The Greater Amman Municipality (GAM) and the French Agency for Development (AFD) signed on Monday an agreement to fund the Bus Rapid Transit (BRT) project with $152 million, the Jordan News Agency, Petra, reported. Amman Mayor Aqel Biltaji, Regional Director of the AFD in the Middle East and North Africa Marie Hélène Loison and French Ambassador to Jordan Caroline ... Read More »

Jordan signs agreement with US, to issue $1.5b bonds in June 2015

AMMAN: the finance minister said that the Jordan has signed an agreement with Washington to raise $1.5 billion in the second half of June through the sale of US-backed bonds that will allow the kingdom to access global debt markets at cheap rates,. Finance Minister Umayya Toukan said Jordan would also tap markets in the final quarter of 2015 to ... Read More »

Switzerland signs tax evasion accord with EU, takes effect in 2018

BERN: The European Union and Switzerland signed a major accord on Wednesday designed to prevent EU residents from hiding undeclared income in Swiss banks, the European Commission said. The agreement deals “another blow against tax evaders, and (represents) another leap towards fairer taxation in Europe,” said Pierre Moscovici, the EU commissioner for tax issues. Moscovici signed the accord, which takes ... Read More »

Jordan, Saudi Arabia signs $30m fund for industrial city infrastructure

AMMAN: The Ministry of Finance stated stated that Jordanian government and the Saudi Development Fund Sunday signed a funding grant agreement worth $30 million to finance infrastructure project for new industrial cities. These industrial cities will be established in the governorates of Tafila, Madaba, Jerash and Balqa. The Jordan Industrial Estates Corporation (JIEC) intends to implement and finance these through ... Read More »

Jordan, Japan signs $196m soft loan

AMMAN: The Ministry of Planning and International Cooperation on Wednesday signed with the Japanese Embassy in Amman a Memorandum of Understanding (MoU) to give Jordan a soft loan of approximately US$196 million. Minister of Planning and International Cooperation Imad Fakhoury, who signed the MoU with Japan’s ambassador, Shuichi Sakurai, said the MoU was sealed by the Japan International Cooperation Agency ... Read More »

Jordan, Japan signs $196m soft loan

AMMAN: The Ministry of Planning and International Cooperation on Wednesday signed with the Japanese Embassy in Amman a Memorandum of Understanding (MoU) to give Jordan a soft loan of approximately US$196 million. Minister of Planning and International Cooperation Imad Fakhoury, who signed the MoU with Japan’s ambassador, Shuichi Sakurai, said the MoU was sealed by the Japan International Cooperation Agency ... Read More »

Finnish ABB signs major agreement of 5500 protection relays with Turkey

HELSINKI: ABB has signed a major agreement with the Turkish utility Cengiz Limak Kolin (CLK) to upgrade the utility’s electrical grid for this purpose ABB will deliver 5500 protection relays that detect and report faults in the network, said company official. ABB’s delivery will strengthen the power distribution network in the regions of Istanbul, Bursa, Antalya and Sivas. This is ... Read More »