Financial and Banking News


GIB to Raise $10mn ECP for Oman

Gulf International Bank (GIB) has been mandated by the Omani Ministry of Finance to launch a euro-commercial paper (ECP) program for a total of $100mn, according to a GIB statement released last week. This is the first foreign borrowing announced by Oman since May last year, when it signed a $500mn eight-year syndicated credit, also arranged by GIB. Oman had already let it be known that it would not consider...