Saudi Arabia’s Neom development has secured a US$3bn untied facility from Italy’s export credit agency Sace and a syndicate of nine international banks. The Neom mega-project promises to transform a desert region in the northwest of Saudi Arabia into a special economic zone and futuristic cluster of cities powered entirely by renewable energy. Neom’s development ...| Global Trade Review (GTR)
Metals trader Gerald Group has grown its annual syndicated revolving credit facility (RCF) to US$230mn after attracting several fresh lenders. Gerald, which specialises in trading ferrous, non-ferrous and precious metals, says the oversubscribed facility renews last year’s RCF, which was closed at US$185mn after initially launching at US$150mn. Crédit Agricole Indosuez (Switzerland) and Deutsche Bank’s ...| Global Trade Review (GTR)
GTR looks back on a steady, if unremarkable year for trade and trade finance by rounding up our most-read stories of the last 12 months.| Global Trade Review (GTR)