Financial and Banking News
National Bank of Bahrain Arranging $30mn for ASRY
National Bank of Bahrain (NBB) expects documentation on a $30mn loan for TheArab Ship Repairyard Company (ASRY) to be completed by the end of the month. Theloan is part of a $55mn expansion plan which will include additional dockingfacilities and an extra pier. ASRY has been expanding since the end of theIran-Iraq war in 1988, and business has again increased following...