EURO 1 BILLION FACILITY

DOHA, Qatar, Oct. 20, 2024 /PRNewswire/ — QNB Group, the largest financial institution in the Middle East and Africa, announced the successful refinancing of its EURO senior unsecured syndicated term loan facility.  

QNB’s Group CEO, Abdulla Mubarak Al-Khalifa, commented:

“This refinancing saw strong interest from both global and regional banks, allowing QNB to further expand its investor base. The transaction was significantly oversubscribed at competitive pricing,, despite the challenging global market conditions, which reinforces our reputation as a high-quality borrower. We view this transaction as a clear affirmation of our effective strategy to position ourselves as a leading bank in MEASEA, while building valuable and lasting relationships.”

The EURO 1 billion facility, with a maturity of three years, was well supported by both regional and international banks with 23 institutions joining the syndication allowing a substantial oversubscription.

The syndication was led by Crédit Agricole Corporate and Investment Bank, Société Générale and Standard Chartered (the Bookrunners & Initial Mandated Lead Arrangers). Standard Chartered acted as the Documentation Co-ordinator and Société Générale as Facility Agent.

QNB Group stands as the leading financial institution in the Middle East and Africa, recognized as one of the most valuable banking brands in the region. With a robust presence in over 28 countries across three continents, Asia, Europe, and Africa—QNB offers comprehensive financial services and solutions. QNB’s team of over 31,000 professionals is dedicated to driving growth and providing advanced, tailored products and services that meet the evolving needs of customers worldwide.

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BEIJING, Oct. 19, 2024 /PRNewswire/ — A report from China Daily

Officials have expressed confidence in China’s financial market and called for more efforts to ensure its constant stable development.

Recently, the People’s Bank of China has pushed for the implementation of a reduction in the reserve requirement ratio, a reduction in interest rates, four real estate financial policies and two policy tools to support the stable development of the capital market. These measures have bolstered market confidence, Pan Gongsheng, governor of PBOC,said at the opening ceremony of the Annual Conference of Financial Street Forum 2024 held in Beijing on Friday.

“To promote high-quality economic development and sustainable growth, it is necessary to grasp the dynamic balance between the economic growth rate and growth quality, internal and external factors, consumption and investment. Macro policies should focus more on expanding consumption, better managing the relationship between the government and the market, and creating a favorable legal and business environment,” Pan said.

With the theme “Trust and Confidence”, the opening ceremony of the annual conference gathered more than 350 attendees to share their insights.

As an important destination for international financial investment, Beijing witnessed a growth of more than 5 percent in its GDP over the first three quarters of 2024. During this period, the city established 40 new domestic and foreign financial institutions and attracted nearly 600 billion yuan ($84.4 billion) in direct financing. Also it saw the establishment of 1,255 new foreign-funded enterprises, an increase of 16 percent.

“Looking to the future, Beijing will accelerate the construction of a vibrant modern financial system and comprehensively enhance the level of serving the country’s financial management functions,” said Yin Li, secretary of the CPC Beijing Municipal Committee.

As an important platform for national open development, the conference is being held from Friday to Sunday, attracting more than 500 heavyweight participants from more than 30 countries and regions to hold discussions revolving around international cooperation in more than 40 activities.

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LONDON, Oct. 18, 2024 /PRNewswire/ — GBS Malta, a proud member of Global Education (GEDU), has launched a cutting-edge campus in the vibrant heart of San Ġiljan, marking a new era for student learning and campus life in Malta.

Maltese Minister for Education, Youth, Research and Innovation, the Hon. Dr Clifton Grima MP said:

“As a country, we (Government and Opposition) might argue over many things, but there are certain instances where we come together, because we know and understand that when there is unity, there is stability, and when there is stability, there is potential.”

Maltese Shadow Minister for Education and Trades, the Hon. Justin Schembri MP said:

“The establishment of this campus is a testament to GBS’ commitment to providing accessible, high-quality education that equips students with the knowledge and skills they need to thrive in today’s competitive market.”

GEDU Deputy CEO, Professor Ray Lloyd said this is a significant step forward.

“Our mission is to change lives through education and provide students with the tools, resources, and opportunities they need to succeed in an ever-changing world,” said Professor Lloyd. 

“This new campus is a significant investment and as we continue to grow, GBS Malta will play a key role in our global strategy, creating a vibrant learning environment that empowers students to achieve their full potential and drive positive change in their communities.

“This investment has already boosted the local economy through the creation of skilled jobs, and it will boost the Maltese economy for years to come through continued job creation and more students spending money in local businesses.”

Director of Operations for GBS Malta, Allen Lofaro said the new campus is a game-changer for the organisation.

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“At GBS Malta, we prioritise our students’ success by providing world-class facilities and resources to help them thrive academically and personally,” said Mr Lofaro.

“This new campus offers fully equipped ‘Smart Classrooms,’ a modern library, computer lab, and vibrant social spaces, ensuring our students have the best possible environment for both learning and leisure.

“We are excited to open this incredible space and continue our mission of changing lives through education.”

The campus is in the centre of St Julian’s, next to the North & South bus terminals for easy access.

We invite prospective students and partners to explore the new GBS Malta campus and discover how we’re reshaping the future of education in Malta.

Visit us in St. Julian’s or learn more here. 

About GEDU: The Group offers a range of educational opportunities, including the full range of higher education qualifications, apprenticeships, and language schools. It has operations in 12 countries, including the USA, Canada, United Kingdom, Ireland, Germany, France, Spain, Malta, UAE, India, Saudi Arabia, and Australia. Its portfolio covers a wide range of subject areas and is characterised by a keen focus on both employability and student experience to maximise return on investment for students. 

About GBS Malta: GBS is a higher education provider offering a range of sector-relevant courses across campuses in the UK, Malta and the United Arab Emirates. Working in partnership with several leading higher education providers, we deliver undergraduate and postgraduate programmes in banking, finance, accounting, business, healthcare – and more.

GBS HE Malta is a licenced Higher Education institution. Our licence has been approved by our regulator, Malta Further & Higher Education Authority (MFHEA) who is an independent, transparent, and international authority. Our courses are in line with the Malta Qualifications Framework and the European Qualification Framework.

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