NO. 12


Financial and Banking News

Regional Financing

Kuwait Signs $825mn UK Export Credit/Commercial Deal

Kuwait signed an $825mn loan facility with a group of British and Gulf bankson 10 December. Britain's Export Credit Guarantee Department (EGCD) is providingcover for $675mn and a further $150mn will be provided in commercial finance.The money will be used mainly to finance a contract awarded to the Britishengineering group GKN under which it will supply more than...