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Sunday, 9 October 2016

LPC-Oman centre stage in Middle Eastern loan market | Reuters

LPC-Oman centre stage in Middle Eastern loan market | Reuters:

"Oman is becoming a focus of the Middle Eastern loan market as more Omani companies line up to tap the international loan market, but the sudden upturn in borrowing from the Sultanate is stretching banks exposure limits, bankers said on Friday.

Oman's government and state-linked firms are turning to the syndicated loan market as low oil prices weaken government finances and make it harder for the state to fund projects from internal resources.

"Activity at the moment in the Middle East is essentially centred around Oman, with a little bit in the UAE," a banker said."



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