VOL. XXXV
NO. 41
13-JULY-1992
Financial and Banking News
Regional Banking
Sharjah Will Use Gas Revenues from Dubai to Fund Local Debt
Rescheduling Sharjah will assign revenues from its gas exports to Dubai tofund a rescheduling of its domestic commercial debt. The Government of Sharjahis currently in negotiation with the local banks over the terms of therescheduling, which is expected to cover about Dh2.5bn ($680mn) in eligibledebts. The government is asking to spread repayments over nine years,...
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