Financial and Banking News
Loans & Issues
Algeria to Receive $1bn in Four New Financing Deals
Four commercial financing agreements for Algeria worth nearly $1bn weresigned on 4 November. The biggest is a $500mn credit provided by theJeddah-based Al-Baraka Islamic banking group, and booked in the name of itsparent company, Manama-based Al-Baraka Holdings. The facility will offer loanswith maturities of 3-8 years with the rate of return linked to the economic...