EBRD is much more demanding than other commercial banks but it has its pros andcons. It makes sense when theproject is big andwhen it is aninternational developer who is concerned about these same standards. EBRD can afford tohave longer tenors andgreater maturity. Normally such big projects that have this energy efficiency element tend tohave longer tenors andEBRD can provide longer loans, said Urazbaeva.
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KUWAIT CITY, May 28: Kuwait stocks saw modest rise on Tuesday extending the two-day gains. The index climbed 37.38 points in volatile trade to 8430.73 pts 鈥?the highest level in over 53-months. Some of the financial companies and industrials shined whereas the blue chips closed mixed. The trading floor mood was cautiously positive even as investors eye fresh catalysts to sustain the momentum. The KSX 15 gauge slipped 4.53 pts to 1103.49 points from the all time high in the previous session while weighted index edged 0.31 pts lower. The volume turnover meanwhile swelled to fresh multi-month high. 1384.36 million shares changed hands 鈥?an 18.67 percent rise from the day before. The sectors closed mixed. Oil and gas outshone the rest with 1.98 percent gain whereas technology skidded 2.75 percent, the worst performer of the day. Volume wise, financial services accounted for the highest market share of 42.95 percent while real estate and industrials followed with 22.16 and 14.91 percent respectively.
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