NO. 42


Financial and Banking News

Loans & Issues

Chemical and GIC Submit Lowest Bid for Qatar Advisory Contract

Chemical Bank and Gulf Investment Corporation (GIC) have submitted the lowestbid for the financial advisory contract for Qatar's newly-formed Electricityand Water Authority. Second lowest bidder is Chase Investment Bank. BankersTrust and Morgan Guarantee, which is working with Qatar National Bank, havesubmitted bids which are very similar in price. Local...