DUBAI Nov 30 Iraq's Ministry of Electricity
will secure a $366 million trade finance deal to fund power and
infrastructure projects in the country by the end of 2016, an
executive from Standard Chartered, which is leading the
financing, said on Wednesday.
Motasim Iqbal, head of transaction banking for the MENA
region at Standard Chartered, was speaking to Reuters after the
announcement on Wednesday of a financing memorandum of
understanding signed between General Electric, Trade Bank
of Iraq and Standard Chartered to fund power and infrastructure
projects in Iraq.
(Reporting by Tom Arnold, editing by Louise Heavens)