Financial and Banking News
LOANS AND ISSUES
Five Regional Trade Deals Completed
Arab banks and financial institutions have recently been involved in fivetrade financing deals for borrowers in the region which were publiclysyndicated. Arab Banking Corporation (ABC) has arranged a $120mn letter ofcredit confirmation facility for Yemen Bank for Reconstruction and Development(YBRD) which is to finance imports of Saudi Arabian oil in North Yemen. Each L/Cis valid for two...