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

Investment Banking Creating a diverse bond market

In an exclusive mini roundtable, Nabilah Annuar, Banker Middle East Editor, sits down with Michael Grifferty, President of the Gulf… read more