Financial and Banking News


$900mn Sharjah Debt Unaffected by Amoco-EGPC Gas Dispute

The Emirate of Sharjah, which last week saw the end of a brief palace coup brought about by dissatisfaction over its debts, has total debts of some $900mn according to MEES soundings, somewhat lower than recent press reports have estimated. Furthermore, MEES understands that Sharjah's financial condition is largely unaffected by the current dispute between Amoco Sharjah Oil Company...