Financial and Banking News


TAIC to Offer Export Finance

The board of governors of the Riyadh-based Arab Investment Company (TAIC) last week approved an export financing scheme which is expected to stimulate inter-Arab trade. Despite its government shareholding, TAIC export finance is to be provided on a commercial basis, and is not therefore comparable with concessionary export credits provided by the major industrialized nations.

TAIC also released its mid-year results...