FINANCE
India, UAE to jointly combat terror, scale up trade (New Kerala)
New Delhi, March 11 : India and the United Arab Emirates (UAE) Thursday held wide-ranging talks that focused on expanding counter-terror cooperation and taking economic ties to new heights.
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Dubai to Present Debt Terms to U.A.E. Banks Today, National Says (Bloomberg)
March 11 (Bloomberg) — Dubai World may present its “first concrete proposals” to United Arab Emirates banks today as part of its debt restructuring plan, The National reported, citing sources familiar with the matter.
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Dubai World’s Birkett Held London Talks With HSBC, National Says (Bloomberg)
March 9 (Bloomberg) — Dubai World’s Chief Restructuring Officer Aidan Birkett held talks with HSBC Holdings Plc in London yesterday to outline proposals for the state-owned holding company’s debt restructuring, The National reported, without citing anyone.
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Dubai World to make first concrete proposals – paper (Reuters via Yahoo! Singapore News)
DUBAI, March 11 (Reuters) – Dubai World will present its first concrete proposals to local banks on Thursday on restructuring $22 billion in debt, The National newspaper reported, citing unnamed sources.
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Thai troops mobilized ahead of anti-government protest (Reuters via Yahoo! News)
Thailand began mobilizing 50,000 security personnel on Thursday ahead of a mass rally by anti-government protesters who have vowed to bring the capital to a standstill if a new election is not called.
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Dubai Shares Rise to 2-Month High on Debt Terms Speculation (Bloomberg)
March 11 (Bloomberg) — Dubai shares rose to the highest in almost two months on speculation Dubai World, the state-owned holding company in talks to renegotiate $26 billion of debt, may announce better repayment terms than previously expected.
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Dubai World outlines debt plan to leading creditors (AFP via Yahoo! News)
The debt-ridden Dubai World conglomerate is outlining proposals to restructure 22 billion dollars of its debt to leading creditors, The National daily reported Tuesday.
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Obama’s Trade Goal Fights His Clean-Energy Plan at Export Bank (Bloomberg)
March 11 (Bloomberg) — President Barack Obama ’s goals of boosting U.S. exports and combating climate change are colliding as the U.S. Export-Import Bank expands financing for oil, gas, mining and power-plant projects.
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UAE Banks can Absorb any ‘Shock’ (Khaleej Times)
ABU DHABI – The banks in the UAE are strong enough to absorb any shock, including the impact of Dubai World’s debt restructuring, a top official said.
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UAE- HSBC cuts mortgage rate to woo new customers (MENAFN)
UAE- HSBC cuts mortgage rate to woo new customers
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Dubai- Electronic Islamic finance handbooks (MENAFN)
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Mukhriz: Islamic finance will overcome the Dubai debt crisis (The Malaysian Insider)
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