VOL. XXX
NO. 14
12-JANUARY-1987
Financial and Banking News
LOANS AND ISSUES
Gulf Air Arranges Pioneer CP Program
Gulf Air, the regional airline owned by the governments of Bahrain, AbuDhabi, Oman and Qatar, has arranged a commercial paper (CP) program with GulfInternational Bank (GIB) which is worth a total $100mn. Gulf Air is currently atthe center of considerable controversy over a retrenchment scheme which is tocut 480 jobs from its operations, which are based in Bahrain. At the same time,the...
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