United Arab Emirates
Results for United Arab Emirates
- 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 - 21:52 - 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 - 21:06 - 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 - 19:25 - 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 - 19:26 - 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 - 22:18 - 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 - 22:29 - 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 - 21:18 - 0 comments
- Etihad Details Criteria For Equity Investment In Alitalia
The UAE-based Etihad Airways has said that it is pressing ahead with a plan for an equity investment in the struggling Italian carrier Alitalia, The Economic Times reported. Etihad Airways, which has been in negotiations for almost a year, said it wi ...
Daily Headline - global.abi.org - 06/02/2014 - 21:42 - 0 comments
- Dubai Agrees Refinancing Deal
Dubai has received a financial boost thanks to an agreement to refinance at preferential rates $20bn of bonds and loans owed to the central bank of the United Arab Emirates and its capital, Abu Dhabi, the Financial Times reported. The Gulf’s commerci ...
Daily Headline - global.abi.org - 03/17/2014 - 00:02 - 0 comments
- Bank of America Merrill Lynch Red Flags Dubai’s Debt (Again)
Dubai’s global financial crisis-induced slump, followed by a less dramatic, but equally sharp, recovery make for a compelling story. The endless flow of positive news in the desert emirate culminated late last year in Dubai winning the hosting rights fo ...
Daily Headline - global.abi.org - 03/11/2014 - 23:06 - 0 comments