Financial and Banking News
Export Credits For Kuwait's PIC Move Ahead
Export credit arrangements for Kuwait's large-scale petrochemical project,the joint venture between Union Carbide and the Petrochemical IndustriesCompany (PIC), are nearing completion. The three agencies involved - Hermes,Sace and US Eximbank - are expected to cover nearly 90% of the $1.3bn commercialfinancing. Hermes and Sace have already given preliminary approval for...