Middle East and Africa whet appetites for 2011
Russia returns to business today but emerging market lenders are concentrating on the Middle East and Africa for their first signings of the year. Egyptian General Petroleum Corporation was first out of the blocks with an RFP for a $2bn five year loan sent to banks at the end of December. Emirates, the Dubai state owned airline, is enlivening the Middle East with its request for a $1bn revolving credit facility. Get the reaction to the Dubai carrier’s innovative request in EuroWeek this Friday.
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