Loan agreement – Acoram Acomar 987 http://acoram-acomar-987.net/ Sun, 28 Nov 2021 05:46:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://acoram-acomar-987.net/wp-content/uploads/2021/06/icon-70x70.png Loan agreement – Acoram Acomar 987 http://acoram-acomar-987.net/ 32 32 China takes control of Uganda’s only international airport Reason ??? https://acoram-acomar-987.net/china-takes-control-of-ugandas-only-international-airport-reason/ Sun, 28 Nov 2021 05:46:07 +0000 https://acoram-acomar-987.net/china-takes-control-of-ugandas-only-international-airport-reason/ China takes over Uganda’s only international airport !!! Raison??? Uganda in East Africa is one of the poorest countries in the world. Uganda, which faces economic challenges, decided to borrow from other countries in 2015. eventually negotiated with China accordingly. The Chinese government has also agreed to lend to Uganda. An agreement was also reached […]]]>

China takes over Uganda’s only international airport !!! Raison???

Uganda in East Africa is one of the poorest countries in the world. Uganda, which faces economic challenges, decided to borrow from other countries in 2015. eventually negotiated with China accordingly.

The Chinese government has also agreed to lend to Uganda. An agreement was also reached to mortgage the property, including Entebbe Airport, in exchange for the loan. Meanwhile, China is reportedly adamant in its decision to acquire Uganda’s only international airport because it has failed to repay its loan to China.

As a result, the Ugandan government’s finance and civil aviation departments traveled to China in an attempt to secure a loan. Following this, on November 17, 2015, a loan agreement was signed between the Ugandan government and between the Export-Import Bank of China (EXIM). The Chinese government accepted a 20-year loan of $ 207 million with a 7-year grace period at 2% interest. Uganda, meanwhile, seems unable to repay its debt. The dangerous condition of the loan agreement is that China can take over Entebbe airport if it does not repay the loan.

Following this, Ugandan President Yoweri Museveni sent a high-level delegation to China. China has denied having relaxed the terms of the deal while negotiating the removal of the dangerous clause. This ensures that Uganda loses its only international airport to China. And since there is no international protection in this loan agreement, it seems that Uganda cannot seek help from other international organizations.


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JPMorgan and missing company settle $ 55 million loan asset battle https://acoram-acomar-987.net/jpmorgan-and-missing-company-settle-55-million-loan-asset-battle/ Thu, 25 Nov 2021 12:56:00 +0000 https://acoram-acomar-987.net/jpmorgan-and-missing-company-settle-55-million-loan-asset-battle/ By Silvia Martelli (Nov 25, 2021, 12:56 p.m. GMT) – A missing investment firm once controlled by the family conglomerate of a Saudi billionaire billionaire has reached a deal to end his $ 55 million lawsuit, which targeted the property of assets pledged as loan collateral against a subsidiary of JPMorgan and an insolvent bank […]]]>
By Silvia Martelli (Nov 25, 2021, 12:56 p.m. GMT) – A missing investment firm once controlled by the family conglomerate of a Saudi billionaire billionaire has reached a deal to end his $ 55 million lawsuit, which targeted the property of assets pledged as loan collateral against a subsidiary of JPMorgan and an insolvent bank based in Bahrain

Judge Richard Meade on Tuesday signed an agreement in a High Court consent order, which has now been made public. The order resolves a case brought by the liquidators of Saad Investments Co. Ltd. of Saudi billionaire Maan Al Sanea v JPMorgan International Bank Ltd. and Awal Bank BSC.

The liquidators had requested a declaration that Saad had the right …

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Adnoc secures $ 3 billion loan from JBIC and four other banks – News https://acoram-acomar-987.net/adnoc-secures-3-billion-loan-from-jbic-and-four-other-banks-news/ Sat, 20 Nov 2021 12:46:30 +0000 https://acoram-acomar-987.net/adnoc-secures-3-billion-loan-from-jbic-and-four-other-banks-news/ The Japan Bank for International Cooperation (JBIC) provides $ 2.1 billion and Sumitomo Mitsui Banking Corporation (SMBC), the Tokyo branch of HSBC, Mizuho and MUFG provide the rest, JBIC said in the statement. Adnoc and the public company JBIC also signed a memorandum of understanding “to further strengthen the global strategic partnership” between them, focused […]]]>

The Japan Bank for International Cooperation (JBIC) provides $ 2.1 billion and Sumitomo Mitsui Banking Corporation (SMBC), the Tokyo branch of HSBC, Mizuho and MUFG provide the rest, JBIC said in the statement.



Adnoc and the public company JBIC also signed a memorandum of understanding “to further strengthen the global strategic partnership” between them, focused on decarbonisation, energy transition and energy efficiency. – Photo file

By Yousef Saba

Posted: Sat, Nov 20, 2021, 4:46 PM

The state-owned Abu Dhabi National Oil Company (Adnoc) has signed a $ 3 billion loan agreement with Japan’s export credit agency and four other lenders, the agency said Thursday.

The Japan Bank for International Cooperation (JBIC) provides $ 2.1 billion and Sumitomo Mitsui Banking Corporation (SMBC), the Tokyo branch of HSBC, Mizuho and MUFG provide the rest, JBIC said in the statement.

“This facility is intended to provide the necessary support to Adnoc to ensure stable imports of crude oil by Japanese companies,” JBIC said.

The loan is Adnoc’s sixth facility with the participation of JBIC. The oil giant took out a similar loan of $ 3 billion in 2018, also $ 2.1 billion from JBIC and the rest from other banks.

Adnoc and the public company JBIC also signed a memorandum of understanding “to further strengthen the global strategic partnership” between them, focused on decarbonisation, energy transition and energy efficiency.

JBIC said Abu Dhabi is “very important to Japan’s energy resources strategy” as a key supplier of crude for more than four decades, as well as for enabling foreign oil companies to develop concessions in the emirate.

“In addition, Abu Dhabi has high potential in the decarbonization sector as it has abundant resources for renewable energy and underground structures suitable for CCS / CCU, and Adnoc is a leading organization in this sector,” JBIC said. , referring to carbon capture and storage. and use.

Adnoc said on LinkedIn on Thursday that the deal supports its 2030 strategy and helps diversify funding sources. – Reuters


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Japan’s MHI launches 2nd MRRV for Philippine Coast Guard https://acoram-acomar-987.net/japans-mhi-launches-2nd-mrrv-for-philippine-coast-guard/ Thu, 18 Nov 2021 09:12:59 +0000 https://acoram-acomar-987.net/japans-mhi-launches-2nd-mrrv-for-philippine-coast-guard/ Mitsubishi Shipbuilding today launched the second MRRV for the Philippine Coast Guard in a ceremony at the Shimonoseki shipyard. The vessel will be used for severe weather rescue missions and patrols in offshore and coastal areas, improving rapid response capabilities to maritime accidents and crime. Naval News Staff November 18, 2021 Mitsubishi Heavy Industries press […]]]>

Mitsubishi Shipbuilding today launched the second MRRV for the Philippine Coast Guard in a ceremony at the Shimonoseki shipyard. The vessel will be used for severe weather rescue missions and patrols in offshore and coastal areas, improving rapid response capabilities to maritime accidents and crime.