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Loan News

Reasons for high interest rate on consumer loan revealed Special

Dar Es Salaam - High interest rates on consumer loans aren't a conspiracy to defraud the ordinary person. Neither are they kept artificially high in an attempt by banks to cover foreign loan losses.
Digital Journal Report by Juniper Russo

African bank loans Zimbabwe $100 million to ease credit crunch

Harare - The African Export-Import Bank on Saturday announced a $100 million (72 million euro) loan to Zimbabwe's banking sector to ease a credit crunch that has deepened the country's economic woes."It is a well-known fact that the Zimbabwean banking sector an...
In the Media by AFP

Abu Dhabi extends period of $20 bn loans to Dubai

Dubai - Oil-rich Abu Dhabi and the UAE central bank agreed Sunday to extend the period of loans worth $20 billion accorded neighbouring Dubai when it was hit by the global financial crisis in 2009.The government of Abu Dhabi agreed to roll over a loan of $10 b...
In the Media by AFP

UAE telco du agrees terms on $720 million loan financing: Sources

UAE telecom firm du has agreed terms on a $720 million loan which will be used to replace two existing debt facilities and lower the company's funding costs, two banking sources said on Sunday.
In the Media by David French (Reuters)

Obama signs bipartisan student loan deal

Washington - On Friday, lawmakers from both parties were in the Oval Office, watching President Obama sign into law the "Bipartisan Student Loan Certainty Act of 2013", a bill designed to keep interest rates low for student loans.
In the Media by John Simon Ritchie

Egypt's IMF loan request fraught with difficulties

Cairo - The Egyptian government formally requested a $4.8 billion loan from the International Monetary Fund (IMF) yesterday. The request was made during a visit by IMF chief, Christine Lagarde.
In the Media by Steve Hayes - 1 comment

Octomom pitches payday loan service

Nadya Suleman, the octomom, had her house foreclosed on recently and now she has endorsed an instant payday loan service.
In the Media by Owen Weldon - 1 comment

Berlin still haunted by 450-year-old debt

Berlin - The German capital city of Berlin still owes a small German town repayment from a loan dating back to 1562. The debt combined with interest amounts to a total of $136.79 million.
In the Media by Kevin Fitzgerald

South Korea gives $80 million loan for Ethiopia-Sudan power plan

Addis Ababa - The South Korean government has approved an $80 million loan for Ethiopia that would finance the Ethiopia-Sudan electric power transmission line construction and expansion project. The deal is expected to be signed this week.
In the Media by Andrew Moran

Op-Ed: Germany loans Libyan rebels €144 million — too little, too late?

Foreign Minister, Guido Westerwelle announced yesterday that Germany would be loaning the Libyan rebels 144 million Euros ($206 million) in aid for “ civil and humanitarian measures.”
In the Media by Stephen Morgan
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President Obama looking at a group of students  before he signs a new bill into law  keeping student...
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President Obama looking at a group of students, before he signs a new bill into law, keeping student loan interest low.
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