VOL. XLV

No 41

14-October-2002

ENERGY FINANCE

HSBC Expects Good Appetite For Middle East Risk, Despite US Threats to Iraq

HSBC, which is the largest international bank operating in the Middle East, remains optimistic about the prospects for project finance in the region, despite the US sabre rattling against Iraq which threatens to have a destabilizing effect. The US-Iraq problem comes at a particularly inopportune moment for project financiers, who were due to submit their bids for a place as...