Financial and Banking News
LOANS AND ISSUES
Arab Banks Lack Channel Tunnel Scheme
There are three Arab banks with prominent positions in a œ4.21bn financing package lined up for the Channel Tunnel Group/France Manche, which has been chosen to build a fixed-link across the English Channel. Arab Banking Corporation (ABC) is underwriting œ160mn, while Banque Arabe et Internationale d'Investissements (BAII) and Union des Banques Arabes et Francaises (UBAF) are...