Financial and Banking News


Four Arab Banks Manage Portuguese Loan 

The Republic of Portugal signed an eight-year $500mn multiple option facility with a group of banks on 21 March which included four Arab banks in the 22-member management group. These were Alahli Bank of Kuwait, Burgan Bank, Gulf International Bank (GIB), and the Kuwait Foreign Trading, Contracting and Investment Company (KFTCIC). Half the amount of the credit is available in the form of short term...