(Reuters, Paris, 4 May 2017) Iran is in talks with Britain's export credit agency to facilitate the financing of aircraft sales to state airline IranAir as part of its pact with world powers to lift sanctions over its nuclear program, a senior Iranian official said. IranAir's plan to buy more...
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(Trade Arabia, Manama, 16 April 017) Aluminium Bahrain (Alba), a leading aluminium smelter, has secured commitments of about $700 million from Export Credit Agency (ECA) supported facilities to finance Line 6 Expansion project. The facilities are made-up of a dual tranche of c. $310 million and...
more(Kyiv Post, Moscow, 21 April 2017) The German and Swedish export credit agencies have decided to take part in the Yamal LNG project, Novatek CEO Leonid Mikhelson said during the annual general meeting of shareholders. The cost of the project is $27 billion. Yamal LNG has signed credit...
more(Philippine Daily Inquirer, Manila, 24 April 2017) As offers of development funding from China and Japan pour in, Canada also wants a bigger piece of the Philippine growth story as its export credit agency Export Development Canada (EDC) seeks more opportunities to fund infrastructure projects...
more(Financial Tribune, Tehran, 20 April 2017) Export Guarantee Fund of Iran (EGFI) and Portugal’s private insurance firm COSEC signed a memorandum of understanding in Tehran on Tuesday to expand cooperation. The two entities agreed to expand cooperation in co-insurance, reinsurance, credit...
more(Andina, Lima, 4 March 2017) The United Kingdom will provide US$1.2 billion to Peru to finance infrastructure projects in favor of development, British Ambassador to Lima Anwar Choudhury announced on Friday. Resources will be provided by UK Export Finance (UKEF), the bloc's export credit agency...
more(All Africa News, Kampala, 27 March 2017) The British government has announced a major increase in the export credit for Uganda, from £300 million (Shs1.35 trillion) to £600 million (Shs2.7 trillion). The new export finance support is made available through UK Export Finance (UKEF), the UK...
more(Bloomberg, Dubai, 2 March 2017) Middle East borrowers are increasingly using loans backed by export credit agencies to fund projects as tightening liquidity makes conventional borrowing more expensive and difficult to secure, according to Societe Generale SA. France’s second-...
more(AI News, Midland Park, 6 March 2017) France’s Parquet National Financier has joined the UK Serious Fraud Office in an investigation into allegations of fraud, bribery and...
more(Italy 24, Rome, 16 February 2017) Fitch said it has affirmed export credit agency SACE rating at 'A-' with outlook negative. “The ratings reflect SACE's strong capitalisation and business profile as Italy's export credit agency as well as its financial exposure to Italy,” Fitch said in a...
more(Reuters, London, 16 January 2017) Britain's credit export agency, UK Export Finance (UKEF), signed its first direct loan deal in Africa on Monday, providing $310 million to GE Oil & Gas to supply equipment for an oil and gas project in Ghana. UKEF's loan and credit facility is part of a...
more(Global Trade Review, London, 18 January 2017) France has concluded the transfer of its export credit agency (ECA) from Coface to the Banque Publique d’Investissement (Bpifrance) and rebranded it Bpifrance Assurance Export. Coface’s 240 ECA-focused staff members have been transferred to...
more(Global Trade Review, London, 11 January 2017) Italian export credit agency (ECA) Sace and Intesa Sanpaolo have paired up to offer a €400mn credit line to finance Italian companies working on the Russian Yamal liquefied natural gas (LNG) project, despite continued US and European sanctions...
more(Military Technologies, London/Rome/Milan, 16 December 2016) SACE and SIMEST (Cassa Depositi e Prestiti Group) and BNP Paribas Corporate & Institutional Banking (CIB) announce the finalisation of export financing of $519 million for National Grid North America, a company of the National...
more(Mehr News Tehran, 24 December 2016) Iran always has been considered as an eye-catching and money-spinning market for several European countries like Germany offering not only 80 million people it has but also a 400-million-people marketplace it can provide access to. Following the...
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