Project finance offers hope amid tougher 2016 for UAE banks | The National:
"Amid the strain that UAE banks are likely to face this year as the price of oil falls to its lowest level in more than 13 years, project finance may be one of the brighter spots for lenders.
Despite the massive oil decline, state governments in the country are still committed to spending on infrastructure projects as populations keep growing and ahead of Expo 2020 in Dubai, bankers say.
“This is a very bright spot,” said Kumar Mahapatra, head of corporate finance at Dubai-based Commercial Bank International."
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