Business Blog

ISTANBUL, March 27 (Reuters) - A consortium building a motorway between Gebze and Izmir in western Turkey plans to sign a $600 million loan accord with eight banks for a section of the road in April, consortium leader Nurol Holding&aposs chief financial officer said on Thursday.A consortium of Nurol, Italy&aposs Astaldi AST.MI , Ozaltin Makyol, Yuksel and Gocay Insaat won the 22-year operating rig

The Islamic Development Bank (IDB) has approved USD515.6 million to fund socioeconomic development projects in member countries and Muslim communities in non-member countries, including USD1 million for refugees of Central African Republic (CAR).

Morocco's oil refiner Samir has received an Islamic murabaha syndicated loan of USD 240 million from the Islamic Development Bank (IDB) to finance crude oil imports, it said.

* US trade chief says Ukraine shows rationale for deal * Eight months into trade talks, EU and US seek momentum * Obama, EU leaders to hold summit next week By Robin Emmott BRUSSELS, March 22 (Reuters) - Russia's annexation of Crimea underlines the...

* Aim is for central bank to once again influence interest rates* Zimbabwe ditched its own currency in 2009 due to hyperinflation* Money market rates chaotic since thenBy MacDonald DzirutweHARARE, March 22 (Reuters) - The African Export-Import Bank (Afrexim) on Saturday gave Zimbabwe a $100 million loan to allow its central bank to set up an inter-bank market for the first time in five years, whic

(Adds detail, background) KIEV, March 22 (Reuters) - Ukraine will need energy from the European Union to protect it from repercussions of its standoff with Russia, on which it depends for over half its oil and gas supplies, Prime Minister Arseny...