Financial and Banking News


NBK Doubles Tupras Deal 

With the success of its annual deal for Turkiye Petrol Rafinerileri A.S. (Tupras Turkish Petroleum Refinery) now a traditional feature of the market at this time of year, the National Bank of Kuwait (NBK) has increased the amount of its twelvemonth oil import financing deal from $100mn to $200mn. Last year the Tupras deal was increased from its original $100mn to $150mn, this being the fourth successive year in...