Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Monday 31 May 2010
ICBC to Give Financing, Export Credit for UAE Railway (Update1) - BusinessWeek
Industrial and Commercial Bank of China Ltd. will provide financing, export credit and advisory services to a railway project in the United Arab Emirates, said Yi Huiman, a bank executive vice president.
The world’s largest lender by market value will join China’s Ministry of Railways to provide “railroads plus finance” globally, Yu said at the Abu Dhabi and China Economic Forum in Shanghai today.
Abu Dhabi, capital of the U.A.E., and its companies borrowed about $14 billion last year for acquisitions and infrastructure development, Bloomberg data shows. The Union Railway, an Abu Dhabi initiative, is being expanded to cover all seven U.A.E. sheikhdoms, including Dubai, Chief Executive Officer Richard Bowker said May 11.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment