Dubai's government has walked away from the $10bn (£6.3bn) debt restructuring of one of its biggest conglomerates, leaving creditors, including the Royal Bank of Scotland (RBS), with exposure to potentially … (read more here…) Related items UAE’s DIC inks USD2.4b debt restructuring deal Dubai World deal provides haven Dubai ruler's firm vows to repay...
The past year has been quite a challenging one for the global economy, with the US and European debt crises, the turbulence of the Arab Spring and the tsunami in Japan. (read on here…) Related items UAE gets 'emerging market' tag from FTSE Group UAE to clear $545M debt of thousands of citizens Vitamin...
Investors eye debts of state-linked firms, mull likelihood of financial aid from Dubai (read the story…) Related items Global debt woes to curb Dubai property recovery European debt crisis and the Fed’s decision drove Asian markets to fluctuate Dubai shares facing selling pressure on debt worries 2012 Could Be a Disaster for Big Oil...
An investment company owned by Dubai's ruler says it will repay $500 million in bonds next week, distancing itself from other debt-laden firms in the Gulf emirate. (read more here…) Related items Dubai ruler's firm vows to repay $500M in bonds Dubai ruler’s firm said to have bigger debt woes Dubai Group Said to...
The ruler of the United Arab Emirates has agreed to spend $545 million to wipe away the debts of thousands of Emirati citizens.State news agency WAM said on Wednesday the roughly 2 billion dirhams would … (read on here…) Related items Dubai says it has no plans to restructure state debt next year, but...
Dubai lender still struggling with fallout from Dubai World, state-linked debt revamps (read more…) Related items Emirates NBD investment banking CEO to leave: sources UAE bank lending rises 4.2% in 11 months: CB HSBC sees Dubai meeting 2012 debt maturities UAE bank lending set for boost from retail, SMEs Business : Emirates NBD’s unit...
EU debt downgrade spooks investors, sending Sorouh stocks to a record low (read more here…) Related items Union Properties extends gains; Abu Dhabi ticks up Dubai ends at seven-year low; Qatar slips Nakheel may need state pledge to raise new debt UAE cenbank says no exposure to euro zone debt Emaar may seek near-term...
Dubai developer sees jump after confirming $1bn debt deal with Emirates NBD (read more here…) Related items Aldar will repay $1bn sukuk say investors Emaar may seek near-term debt refinancing, Rasmala says Dubai’s Nakheel wrote off $21.4bn in property crash Nakheel completes debt restructuring Union Properties nets loans for stalled MotorCity hotel projects
DUBAI – Abu Dhabi shares retreated to the lowest in almost three years on speculation Dana Gas may struggle to refinance debt and as investors trimmed holdings of riskier assets on concern Europe’s debt crisis may worsen. (read the story…) Related items Business : UAE equities may end 2011 on positive note Business :...
DUBAI (Reuters) – Economic Zones World (EZW), a unit of Dubai World , is considering the sale of its UK-based warehouse property developer Gazeley, as it looks to repay some of its debt of over $2 billion (1 billion pounds) this year, three banking sources said on Thursday. Gazeley is one of the four...
