VOL. XLII

No 42

18-October-1999

OMAN

Oman International Bank Signs 10Mn Credit Agreement WithCIBC

Oman International Bank (OIB) announced on 29 September thatCIBC World Markets in the UK had made a $10mn loan facility available to it tocover up to 85% of the value of UK contracts signed with Omani companies. Thecredit line will support the export of plant and equipment and the rendering ofassociated services from the UK to the Sultanate and is guaranteed by the UK痴Export Credits Guarantee...