United Arab Emirates
Results for United Arab Emirates
- 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
- 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
- Dubai Accelerates Asset Sales as $30 Billion Debt Deadline Looms
Dubai, which teetered on the brink of default in 2009, is accelerating asset sales as more than $30 billion of debt repayments come due next year, Bloomberg reported. Dubai Financial Group yesterday agreed to sell its stake in consumer lender Dubai First ...
Daily Headline - global.abi.org - 06/23/2013 - 19:56 - 0 comments
- Dubai Group Restructuring Lifts Debt Cloud
Dubai Group, an investment company owned by Dubai's ruler, has agreed to a $10 billion debt restructuring with its main bank creditors after three years of talks, potentially lifting a cloud of uncertainty that has engulfed the emirate since the fin ...
Daily Headline - global.abi.org - 05/09/2013 - 19:03 - 0 comments
- Dubai’s Off-Plan Property Demons Return
The inadequacy of off-plan sales was supposed to be one of the lessons developers and regulators learned from the crisis, which sent real estate prices tumbling by more than half in some parts of Dubai. Such sales were problematic because customers paid ...
Daily Headline - global.abi.org - 05/06/2013 - 19:36 - 0 comments
- UAE’s Dana Sukuk Restructuring Vote Postponed To April 23
Dana Gas, the Abu Dhabi-listed energy firm, postponed the shareholder vote for restructuring of the $920 million sukuk to April 23 after a meeting on Sunday failed to meet the required quorum, Gulf News reported on a Reuters story. This is the second tim ...
Daily Headline - global.abi.org - 03/24/2013 - 20:27 - 0 comments
- UAE's Dana Gas Sukuk Restructuring Vote Postponed
Dana Gas, the Abu Dhabi-listed energy firm, said a shareholder meeting to vote on the restructuring of the $920 million sukuk did not met the required quorum, Reuters reported. A new meeting has been scheduled for March 21, the company said in a filing t ...
Daily Headline - global.abi.org - 03/14/2013 - 19:01 - 0 comments
- Dubai Suitcases of Cash Circumvent Loan Rules
Cash is king in the Persian Gulf emirate’s rebounding property market, limiting the power of regulators to control rising prices that fueled the last property bubble by imposing restrictions on mortgage loans to foreigners. Buyers from Iran to Russia to ...
Daily Headline - global.abi.org - 01/28/2013 - 23:15 - 0 comments