United Arab Emirates
Results for United Arab Emirates
- Dubai's Limitless To Pledge Revenues To Get $1.2 Billion Debt Deal
Dubai's Limitless will pledge its future revenues to service debt repayments as it attempts a second restructuring of a $1.2 billion Islamic loan which banking sources said should be completed ahead of a December deadline, Reuters reported. The stat ...
Daily Headline - global.abi.org - 11/09/2014 - 20:09 - 0 comments
- Dubai Insists the Boom is Not a Bubble This Time Around
Dubai, one of seven principalities that make up the United Arab Emirates, has only minimal oil reserves. Instead, the city-state has positioned itself as the hinge connecting Asia to the rest of the world, the gateway city for the fast-growing frontier m ...
Daily Headline - global.abi.org - 10/28/2014 - 22:04 - 0 comments
- Emaar Chairman Welcomes Easing Of Property Prices In Dubai
The chairman of Dubai’s biggest developer has welcomed a softening in real estate prices in the emirate after two years of hyperbolic growth, the Financial Times reported. In a rare public acknowledgment of the slowdown in the emirate’s property mark ...
Daily Headline - global.abi.org - 10/27/2014 - 21:15 - 0 comments
- Dubai World Close To Debt Restructuring Deal Trigger
Dubai World has secured agreement from more than 60 percent of its creditors to reschedule its debt repayments, a top government executive told Reuters, putting it close to the two-thirds assent needed to change the existing terms. Dubai borrowed heavily ...
Daily Headline - global.abi.org - 10/02/2014 - 20:52 - 0 comments
- Dubai Amlak's Shareholders Back Debt Restructuring
Shareholders of Dubai's Amlak Finance met for the first time in more than six years on Sunday and backed a key component of the mortgage provider's $2.7 billion debt restructuring deal, Reuters reported. Amlak's future has been in the bala ...
Daily Headline - global.abi.org - 09/28/2014 - 20:06 - 0 comments
- Dubai World Debt Restructuring Deal Soon, Shaikh Ahmad Says
State-owned Dubai World is set to reach a deal with creditors to extend repayments on its $25 billion (Dh91.8 billion) debt, according to one of Dubai’s top government officials, Gulfnews.com reported. “I can say for sure we will reach it. It is there an ...
Daily Headline - global.abi.org - 09/21/2014 - 18:25 - 0 comments
- Dubai’s Limitless Holds “Positive” Talks On Debt Restructuring
Dubai government-owned property firm Limitless has held positive talks with creditors as it seeks to re-negotiate the terms of a $1.2 billion debt facility which has already been restructured once before, its chief executive told Reuters on Sunday, Gul ...
Daily Headline - global.abi.org - 09/21/2014 - 18:26 - 0 comments
- Dubai's Amlak To Hold Talks On Restructuring Plan On September 21
Dubai mortgage lender Amlak Finance said on Wednesday that it would hold a shareholder meeting on September 21 to discuss its restructuring plan and a proposed issue of equity-linked bonds, Arabian Business reported. Creditors of the company, whose share ...
Daily Headline - global.abi.org - 09/03/2014 - 21:18 - 0 comments
- Abu Dhabi's Al Jaber Group Signs Debt Restructuring
Abu Dhabi-based conglomerate Al Jaber Group has signed a debt restructuring deal with its bank creditors, the conglomerate said on Monday, addressing one of the United Arab Emirates' last big debt hangovers from the global financial crisis, Reuters ...
Daily Headline - global.abi.org - 06/16/2014 - 21:29 - 0 comments
- ANSA/Alitalia Set For Painful Restructuring
Italian carrier Alitalia is in for some "painful and arduous" restructuring but should see a deal with Etihad Airways in a matter of weeks, the airline's chief executive officer said Monday, Gazzetta del Sud reported. Gabriele Del Torc ...
Daily Headline - global.abi.org - 06/09/2014 - 20:18 - 0 comments