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Grandiose construction plans are having to be scaled back as Saudi borrowing rises, but the main point is social progress
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The Turkish sovereign returned to international markets this week riding a wave of relief and renewed goodwill, following the release of US pastor Andrew Brunson, write Francesca Young and Lewis McLellan.
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The loan market is weighing up the fate of billions of dollars worth of deals after the disappearance and possible murder of Jamal Khashoggi, a prominent Saudi journalist who had criticised the regime. Mariam Meskin and Mike Turner report.
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Chinese privately-owned borrowers should be prepared to cough up higher margins and offer tighter covenants for their syndicated fundraisings as trade tensions between the Mainland and the US escalate.
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Telecom Egypt has signed its $500m loan, with 11 mostly Gulf region banks joining the trade during the syndication process.
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Deutsche Bank has hired former Standard Chartered banker Erick Pan as head of syndicated loans for north Asia.
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Turkey made a successful return to international markets on Tuesday after six months away. The sovereign paid up for the privilege, but took an important step in returning financing conditions in the country to normal.