VOL. XXXVI

NO. 35

31-MAY-1993

Financial and Banking News

REGIONAL FINANCING

GIC To Advise EGPC On Privatization Emirates

General Petroleum Corporation (EGPC) has appointed Gulf InvestmentCorporation (GIC) to advise it on options for privatizing some of itsoperations. EGPC is owned by the Federal Government of the UAE and handles themarketing of petroleum products in the six northern emirates. It competes withthe privately-owned Emirates Petroleum Products Company (EPPCO) which was set upin Dubai in...