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- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
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Qatar Islamic Bank said on Sunday it had agreed with Qatar Electricity and Water Co., a $150 million Islamic finance deal to help fund a water desalination plant. The 20-year istisna-ijara facility will be used to finance the construction of three desalination units for the Ras Abu Fontas A1 plant, the lender said in a statement. Due for completion in the summer of 2009, the plant will have an ultimate capacity of 45 million imperial gallons a day. (Reuters)
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