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Gulf firms turn to banks to fund big projects as state coffers squeezed – SocGen
Gulf state-owned firms are increasingly turning to banks to finance infrastructure projects, according to Societe Generale, as governments hit by lower oil prices seek commercial routes to see through extensive development plans. A drop in oil prices, which hit a six-and-a-half-year low last month, has pushed some Gulf state budgets…
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Click here to read the full story: Reuters