Middle East Economic Survey
VOL. XLVIII
No 28
11-July-2005
MEES Agenda
International Banks Seen Forcing Gulf Project Margins Lower
Project finance margins have been falling and the fierce competition from international banks, awash with liquidity, is being blamed. Melanie Lovatt, recently in Dubai and Bahrain, assesses the impact on regional and local banks.
The profit margins that banks receive for participating in project finance deals have fallen sharply over the last year to an extent that local...
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