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    Banks approve debt payment delay for Kuwait’s Global

    Kuwait's Global Investment House said on Monday that creditor banks had approved a delay in repayment of principal and interest to November from June, days after bondholders also agreed to extend scheduled payments to later in the year.

    June 12, 2012 11:07

    Dubai’s Jafza to issue $650 million 7-year sukuk this week

    Dubai government-owned Jebel Ali Free Zone plans to launch and issue a $650 million seven-year Islamic bond or sukuk this week, and books are now open, arranging banks said on Tuesday.

    June 12, 2012 11:07
  • Jindal-SAW-Ltd

    Iraq, India’s Jindal sign pipeline factory deal

    Iraq has awarded Indian steel production firm Jindal SAW Ltd. a $198 million contract to build and operate a factory for manufacturing oil and gas pipelines in the south, a senior investment official said on Monday.

    June 11, 2012 5:44
  • brent-crdue-output-up

    Kuwait raises July crude OSP to Asia by 45 cents a barrel

    Kuwait raised the official selling price (OSP) for its crude sales to Asian buyers for July by 45 cents a barrel from the previous month to 15 cents a barrel below the average of Oman/Dubai quotes, a trade source said on Monday.

    June 11, 2012 10:24
  • Abu-Dhabi-Airport

    Abu Dhabi Airports Co board revamped

    Abu Dhabi has appointed a new board to lead its airport operator Abu Dhabi Airports Co (ADAC), the state news agency reported on Sunday, the latest in a series of management changes that began last year in the oil-rich emirate.

    June 11, 2012 10:19
  • UAEs-Aldar-Sorouh-merger

    UAE’s Aldar, Sorouh in due diligence on potential merger

    Due diligence has begun on the potential state-backed merger of indebted Abu Dhabi developer Aldar Properties and smaller rival Sorouh Real Estate , the two firms said on Sunday.

    June 10, 2012 5:53
  • UAE's Dana gas shuffles board amid debt talks

    UAE’s Dana Gas shuffles board amid debt talks

    Sharjah-based Dana Gas, the energy firm which has a $1 billion Islamic bond, or sukuk, due in October, has appointed a new chairman, it said in a bourse filing on Sunday.

    June 10, 2012 5:50