Middle East Economic Survey
GIB Postpones First Transaction Under $4Bn Note Program
Bahrain-based Gulf International Bank (GIB) announced the decision to postpone its first transaction under its newly signed $4bn Euro Medium Term Note (EMTN) program on 26 November. The decision followed the announcement from the Dubai Department of Finance of a plan to restructure Dubai World and extend of Nakheels debt maturity. The order book for GIBs dollar denominated...