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  1. Riyadh, Cairo Sign $1.8bn Power Connection Deals

    ...nafir to Saudi Arabia in 2017 (MEES, 4 August 2017). Saudi Energy Minister Prince Abdulaziz bin Salman heralded the deal as highlighting “the sound directives and proper guidance paid by the two brotherly countries.” Egypt and Saudi Arabia also emphasized the pan-Arab nature of the link, and th...

    Volume: 64
    Issue: 40
    Published at Fri, 08 Oct 2021

  2. Petrofac Hopes To Turn Page After UK Bribery Conviction

    ...UK-based services firm Petrofac is hoping to put a scandal-riven few years behind it after a UK court on 4 October found it guilty on seven counts of bribery involving payments of $44mn to secure $3.5bn of contracts in Gulf countries between 2011 and 2017. In a case brought by the UK’s Se...

    Volume: 64
    Issue: 40
    Published at Fri, 08 Oct 2021

  3. Iraq Looks To Tap Unbanked Savings With Domestic Bond Issue

    ...rket. In August 2017, it issued $1bn in its first independent bond offering at an annual rate of 6.752% which is due in 2023. In January of the same year, Baghdad – with the full guarantee of the United States government – issued another $1bn at 2.149% which is due in January next year. Previously, a $2....

    Volume: 64
    Issue: 40
    Published at Fri, 08 Oct 2021