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IPIC signs $850 mln refinancing loan -bankers

IPIC signs $850 mln refinancing loan -bankers

Abu Dhabi's International Petroleum Investment Company has signed an $850 million, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, bankers said.

March 4, 2012 10:55
 
UAE’s First Gulf Bank plans to double paid-up capital

UAE’s First Gulf Bank plans to double paid-up capital

First Gulf Bank, the second-largest bank by market capitalisation in Abu Dhabi, approved plans to double its paid-up capital through a bonus share issue, the bank said in a statement on Thursday.

March 1, 2012 1:57
 
Build it and they may come: Dubai’s World Expo 2020 bid

Build it and they may come: Dubai’s World Expo 2020 bid

Dubai may gain around $7.4 billion in return for a $2-$4 billion investment on the World Expo 2020 bid. But after all of this, will Dubai be the chosen one?

February 29, 2012 3:51
 
UAE expects first Federal Bond to be around $1B

UAE expects first Federal Bond to be around $1B

The UAE expects its first ever federal sovereign bond issue to be around $1 billion after a public debt law is approved, a senior finance ministry official on Tuesday was quoted as saying.

February 28, 2012 2:51
 
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