Islamic Finance Props Up Saudi Electricity Sector During Oil Slump

• Thursday, 17th December 2015
• by Egypt Oil & Gas

Saudi Arabia’s Rabigh Electricity Company has signed the riyal-denominated tranche of a murabaha credit facility worth up to $666.8m, reported Reuters. This tranche has a three year tenor and was signed with two...

Russia Embracing GCC, Islamic Finance After Oil-Gas Revenues Shrink

• Wednesday, 8th April 2015
• by Egypt Oil & Gas

As Russian economy shrinks due to sanctions and falling oil revenue, the country is seeking to strengthen its trade ties with the UAE and other Gulf countries. The trade figures between the two countries stand at $2 b...