North Africa/Middle East

Results for North Africa/Middle East

Dana Fight With BlackRock to Start Despite U.A.E. Court Order

A London lawsuit over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC will go ahead despite a last-minute United Arab Emirates court order that attempted to stop the company from taking part in the trial, Bloomberg News reported. Dana Gas ...

Daily Headline - global.abi.org - 09/19/2017 - 22:41 - 0 comments

Dubai’s DP World to Buy Drydocks World

Dubai’s DP World has agreed to buy Drydocks World and a maritime business park in the emirate for $405m. Ports operator DP World, majority owned by government conglomerate Dubai World, agreed to buy Dubai World’s Drydocks World ship repair unit via a cas ...

Daily Headline - global.abi.org - 09/19/2017 - 00:20 - 0 comments

Goldman, BlackRock Offer Dana Deal to End $700 Million Debt Saga

Dana Gas PJSC bondholders, including BlackRock Inc. and Goldman Sachs Group Inc., submitted a proposal to the Middle Eastern energy producer to resolve a dispute over a $700 million sukuk that shocked the Islamic finance industry this year, Bloomberg New ...

Daily Headline - global.abi.org - 09/13/2017 - 22:03 - 0 comments

Here's a Sign That Dubai Is No Longer the U.A.E.'s Problem Child

To see how far Dubai has come, take a look at its credit default swaps. The extra cost investors pay to insure the sheikhdom’s bonds versus those of its oil-rich neighbor, Abu Dhabi, has fallen below 60 basis points this month for the first time on recor ...

Daily Headline - global.abi.org - 08/22/2017 - 17:21 - 0 comments

Qatar Tells Banks To Tap International Investors To Raise Financing

Qatar is telling its banks to tap international investors to raise financing, instead of mainly relying on government funding, as the impact of the ongoing Saudi-led boycott puts pressure on liquidity, the Irish Times reported. The central bank is ho ...

Daily Headline - global.abi.org - 08/20/2017 - 22:44 - 0 comments

Solarworld Resurrected With the Help of Qatari Investment

Solarworld, a former stock market darling that became one of the biggest casualties of Germany’s ill-fated solar boom, has been resurrected from insolvency with the help of investors from Qatar, the Financial Times reported. The company has agreed to ...

Daily Headline - global.abi.org - 08/17/2017 - 18:45 - 0 comments

SolarWorld Founder Asbeck, Qatar to Buy Some of Its Factories

Frank Asbeck, founder and former CEO of SolarWorld, has teamed up with Qatar to buy two of the insolvent panel maker's factories, sources familiar with the matter said. Qatar was a shareholder in SolarWorld with a stake of 29 percent before its coll ...

Daily Headline - global.abi.org - 08/08/2017 - 22:29 - 0 comments

Dana Gas Said to See Creditors Turn Debtors as Showdown Deepens

The standoff between Dana Gas PJSC and its bondholders took a fresh twist after the Middle Eastern energy explorer that’s trying to void $700 million of its own debt was said to believe investors may even have to pay the company, Bloomberg News reported. ...

Daily Headline - global.abi.org - 08/03/2017 - 19:45 - 0 comments

Global asset management quarterly

Welcome to the sixth online edition of Global Asset Management Quarterly. This publication highlights key developments that will be of interest to and affect our asset management clients, including market trends and developments in tax and buy-side regul ...

Resource Article - twallace@abiwor... - 07/31/2017 - 13:13 - 0 comments - 0 attachments

Dana Gas Gets U.K. Court Order in $700 Million Islamic Bond Case

Dana Gas PJSC won an extension of a London court order blocking investors from taking action over $700 million in disputed Islamic bonds until after a trial scheduled for as soon as October, Bloomberg News reported. Dana, which has operations in Egypt an ...

Daily Headline - global.abi.org - 07/05/2017 - 22:06 - 0 comments

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