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FINANCIAL NEWS
Iraqi GE, banks partner to finance power projects
01 Dec 2016
(MENAFN) GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank have inked a financing deal to accelerate the development of power and infrastructure projects.
Furthermore, the deal also emphasizes the financial ties formed by GE with global and regional financial institutions to fasten infrastructure and power projects.
Accordingly, the financing deal also marks their long-term commitment to the country to support the government in driving power and infrastructure enhancements.
Both sides will work with their partners in ensuring the financing support outlined in the MOU will contribute to the nation’s infrastructure development.
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