NO. 31


Financial and Banking News

Regional Financing

Canada Offers $1Bn In Export Credits To Saudi Arabia

Canada has made $1bn of export credits available to Saudi Arabia in anapparent attempt to help Northern Telecom in its bid to win a major contractfrom the Kingdom's Ministry of Posts, Telephones and Telegraphs. The Canadianfirm faces strong competition from US, German, Japanese and French companies forthe $2bn contract, which will involve installing 1.5mn new telephone...