Gulf lending limits under threat as PIF lines up deal

Bank are having to dig deep and increase their country lending limits to manage the vast amount of business expected to come from the Gulf as government expenditure across the region grows. The next big deal off the rank will be from Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), which is expected to tap the loan market for a bridge loan of up to $11bn in coming months, bankers said, following its highly successful debut deal in September. Mariam Meskin reports.