Tuesday 01, December 2009 by

ICIEC pays $1.5 million as indemnity to two banks in Lebanon

ICIEC has paid the claim due to the default of payment by the Egyptian buyer. The two banks benefited from the indemnity as financiers for the export transaction since they were the designated "Loss Payee's" entitled to receive any compensation in case of default in the transaction.

Features & Analyses

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more