Middle East Economic Survey
VOL. LII
No 49
7-Dec-2009
Lebanon
ICIEC Settles $1.5Mn Claim In Favor Of Two Lebanese Banks
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has settled a claim for $1.5mn in favor of two banks in Lebanon, it said 29 November. The two banks had financed an export transaction from Lebanon to an Egyptian buyer that defaulted on its payments. The banks were subsequently designated loss payees as financiers of the transaction. The ICIEC, a...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!