Financial and Banking News
Arab Bank OBU Arranges $50Mn For Yemen Oil Exploration
The Bahrain offshore banking unit of Amman-based Arab Bank has arranged a$50mn loan for Consolidated Contractors (Oil and Gas) Company (CCC), part of theConsolidated Contractors group of companies. The loan will finance work by CCCin Yemen's Masila oil field, which is due to start producing 120,000 b/d inSeptember.
Arab Banking Corporation and Gulf International Bank...