Financial and Banking News


Dong Ah Arranges more Finance for Libyan GMR 

The South Korean contractors, Dong Ah Consortium, which has a major part of the Great Man-made River (GMR) project in Libya, has arranged further financing for its activities from a group of eight Arab banks. A $75mn guarantee facility is now being arranged by Arab Bank, Libyan Arab Foreign Bank, Alahli Bank of Kuwait, Arab Bank for Investment and Foreign Trade (Arbift), Arab International Bank...