Dubai shares ended at a 15-week low yesterday and most other Gulf markets retreated, as slipping oil prices and concerns over a debt crisis in Europe worsening kept investors away. (read the story…) – BUSINESS
Dubai's government says it has raised $1.25 billion through a bond sale, showing it remains able to tap global markets as it recovers from its highly publicized debt crisis.The emirate's media office said … (read the story…) – BUSINESS
An investment company owned by Dubai's ruler says its earnings rose 61 percent last year as it trimmed its debt load. (read the story…) – BUSINESS
DUBAI (Reuters) – Dubai has mandated four banks for a sovereign bond issue of up to $1.5 billion which may be launched as early as this week, two sources familiar with the matter told Reuters on Tuesday. The Gulf Arab emirate, which has been slowly recovering from a crippling 2009 debt crisis, is tapping...
DUBAI (Reuters) – Dubai Group, part of the investment vehicle headed by Dubai's ruler, has proposed a new solution to its $10 billion debt problem, sources said, reviving talks that stalled more than two months ago. Related Stories Shares up on Italy debt sale, shrug off North Korea Cosan looks to buy BG stake...
DUBAI, April 12 (Reuters) – Dubai Group, part of theinvestment vehicle headed by Dubai's ruler, has proposed a newsolution to its $10 billion debt problem, sources said, revivingtalks that stalled more … (read more here…)
Dubai state-linked companies may find it harder to complete the refinancing of $15bn in debt this year as new central bank loan rules force lenders to curtail their exposure to the government. (read more…) – FINANCE
(MENAFN – Emirates News Agency (WAM)) Dubai Holding said Thursday on its private equity arm Dubai International Capital has reached an agreement with lenders on a $2.5 billion debt deal, while it's … (read more here…)
* Dubai International Capital reaches deal with lenders * PE firm owns stakes in Almatis, Travelodge * Lenders included HSBC, RBS and Emirates NBD * Agreement caps nearly two years of talks (Adds details, … (read more…)
Drydocks World, a Dubai-based ship-building and repair company, is threatening to seek a legal ruling from a special Dubai tribunal set up during the emirate’s debt crisis in 2009, in order to overcome the opposition of some lenders to its $2.2bn debt restructuring plan, according to four people familiar with the matter. (read the...
