NO. 26


Financial and Banking News

Regional Finance

Gas Pipeline Financing Arranged For Sharjah

Italy's Banco Efisa has arranged a $35.7mn loan to cover the cost of a gaspipeline contract for Sharjah. Dodsal of India has been contracted by theSharjah Department of Water and Electricity to build a 43-km. 30-inch gasline tocarry natural gas from the onshore Saaga gas/condensate field to the emirate'spower and desalination plant at Layyah. Lead managers on the loan are two...