North Africa/Middle East
Results for North Africa/Middle East
- BCCI Creditors Head to Saudi for One Last Collection
When liquidators closed the books on the Bank of Credit and Commerce International case in May, a 21-year-old scandal that shook the global financial system and ensnared arms dealers, dictators and even the CIA appeared to be over. Earlier this month, ho ...
Daily Headline - global.abi.org - 11/19/2013 - 21:05 - 0 comments
- Iran State Gas Company Faces Collapse, Hit by Sanctions
Iran's national gas company said it is facing collapse, the latest sign of deepening economic distress from international sanctions as Tehran seeks urgent relief in talks with world powers, The Wall Street Journal reported. The chief executive o ...
Daily Headline - global.abi.org - 11/18/2013 - 23:21 - 0 comments
- Mortgage Caps Spark Developer Ire as Dubai Rebounds
New caps on mortgage lending will soon come into force in the United Arab Emirates, part of a long-running effort by the country’s central bank to keep real estate markets in check and avoid a debt-fueled bubble. And not everybody’s happy, The Wall Str ...
Daily Headline - global.abi.org - 10/30/2013 - 21:05 - 0 comments
- $4.5 Billion Debt Restructuring Talks Stalled
Citigroup and International Bank of Qatar are holding up negotiations to restructure $4.5 billion in debt of Abu Dhabi conglomerate Al Jaber Group, further complicating drawn-out talks, sources said, Gulf Daily News reported. Al Jaber is one of the m ...
Daily Headline - global.abi.org - 10/10/2013 - 21:20 - 0 comments
- THE INTERNATIONAL SCENE: Draconian Bankruptcy Laws Inhibit Entrepreneurship in Bahrain, Oman and the UAE
THE INTERNATIONAL SCENE: Draconian Bankruptcy Laws Inhibit Entrepreneurship in Bahrain, Oman and the UAE (citation: Robert C. Furr and Jessica L. Furr, Draconian Bankruptcy Laws Inhibit Entrepreneurship in Bahrain, Oman and the UAE, XXXII ABI Journal 9 ...
Resource Article - abi_editor - 09/30/2013 - 16:22 - 0 comments - 0 attachments
- Five Years Of Financial Non-Reform
Five years after the collapse of Lehman Brothers triggered the largest global financial crisis since the Great Depression, outsize banking sectors have left economies shattered in Ireland, Iceland, and Cyprus. Banks in Italy, Spain, and elsewhere are not ...
Resource Article - global.abi.org - 09/29/2013 - 15:08 - 0 comments - 0 attachments
- Arcapita’s US Bankruptcy Exit Strikes Contrast With Gulf Peers
Arcapita, a private equity and investment company based in Bahrain, has emerged from bankruptcy protection in the U.S. this week, concluding a reorganization that analysts say may represent the first true post-financial-crisis debt restructuring by an Ar ...
Daily Headline - global.abi.org - 09/18/2013 - 21:21 - 0 comments
- Kuwait's Global Says Completes $1.7 Billion Restructuring
Kuwait's Global Investment House said on Wednesday that it had completed a $1.7 billion restructuring plan, the second at the firm since the global financial crisis, Reuters reported. Under the plan, Global separated its core fee business from other ...
Daily Headline - global.abi.org - 07/24/2013 - 23:53 - 0 comments
- U.A.E. Banks Seek 5-Year Extension to Comply with New Regulation
Banks in the United Arab Emirates are seeking five years to comply with a central bank regulation to limit their exposure to government entities in the second-biggest Arab economy, Bloomberg News reported yesterday. The banks are also seeking to exclude ...
Daily Headline - abi_admin - 07/16/2013 - 21:44 - 0 comments
- IDB Holding To Present New Debt Restructuring To Israeli Court
Indebted Israeli conglomerate IDB Holding will present a new proposal for a debt restructuring to a Tel Aviv court on Sunday after it confirmed that Argentinian businessman Eduardo Elsztain has backed out of a planned investment of $75 million, Reuters r ...
Daily Headline - global.abi.org - 07/07/2013 - 20:11 - 0 comments