Financial and Banking News


The Amman-based Finance and Credit Corporation (FCC) has been mandated to raise a $40mn loan for an antibiotic plant in Baghdad. 

Although details of the loan are not yet finalized, it is to be for seven to eight years with a two-year grace period. It is being raised jointly for the Arab Company for Antibiotic Industries (ACAI) and the Arab Company for Drug Industries and Medical Appliances (ACDIMA) in Amman.