Dubai to issue bond to refinance maturing debt
The UAE central bank said this month that Dubai might achieve gross domestic product growth of 4 percent or more this year
September 17, 2012 3:54
UAE’s MAF to price $500 million 7-year bond Wednesday
Bond to price at 5.25 pct; Demand seen high; orderbooks around $2 bln; Second debt issue this year from MAF
June 27, 2012 6:36
Indebted Drydocks in Kuok JV for Asia operations
Drydocks World, which sought insolvency protection in April as it restructures $2.2 billion of debt, signed a joint venture for its Southeast Asia operations with Pacific Carrier Ltd. on Wednesday, part of Malaysian tycoon Robert Kuok's empire.
June 27, 2012 5:34
Dubai bond yields compress as investors return
Yield on 2022 bond 20 bps tighter this week; CDS compress nearly 18 pct since January; Bond repayments, growth, liquidity lift sentiment
June 21, 2012 5:15
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
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
Dubai JAFZA to raise $1.85 billion for redemption
The source, who declined to be named ahead of any official announcement, said JAFZA aimed to raise $650 million from the new sukuk and $1.2 billion from the Islamic facility.
June 6, 2012 12:08
Kuwait’s global to get bond repayment delay approval – sources
Kuwait's Global Investment House is expected to receive approval on Thursday to delay the repayment of bonds worth 95 million dinars ($338.6 million) to November from June, two sources familiar with the matter said.
June 5, 2012 5:24
Saudi Aramco seeks $12.5 billion in debt for Dow project-PFI
State-owned oil giant Saudi Aramco is seeking to raise $12.5 billion in debt to help finance its joint venture with Dow Chemical, according to a report in Project Finance International (PFI), a unit of Thomson Reuters.
May 31, 2012 11:34
Qatar Telecom $1.87 billion rights issue covered – statement
Qatar Telecom has raised 6.8 billion riyals ($1.87 billion) from a fully subscribed rights issue, the firm said in a statement on Tuesday.
May 29, 2012 12:06
Dubai’s Jafza gets consent to repay $2 billion Sukuk early
Gets 89 percent sukukholder approval for plan; Co said in April it's close to refinancing deal for sukuk; JAFZA has $2 billion sukuk originally maturing in November
May 27, 2012 12:30
ICD says Dubai Duty Free ups loan to $1.5 billion
Airport retailer Dubai Duty Free has increased the size of a multi-tranche loan facility it is currently raising to $1.5…
May 22, 2012 9:20
UAE government firms’ debt refinancing ‘a challenge’ – IMF
Refinancing the debts of the United Arab Emirates’ government-related entities (GREs) remains a challenge made more difficult as European banks…
May 22, 2012 9:06
Bahrain Eyes Bond Market Return, Picks Banks
Bond will target U.S. institutional investors; Will aim to raise $1.25 bln over 7 or 10 years -IFR; Mandates JP Morgan, Citi, Stanchart, GIB - sources; Bahrain faces budget deficit in 2012
May 9, 2012 9:12
Dubai's Drydocks restructuring hit by Singapore snag
Legal proceedings in the $2.2 billion debt restructuring of Dubai World's shipbuilding unit have been delayed due to a court challenge in Singapore over a rig-building contract, a lawyer said on Monday
May 7, 2012 3:40
Arabtec workers: strike will continue
Employees say no promises for higher wages have yet been made.
May 21, 2013 11:57
Kuwait: expats sent packing
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Dubai Labourers on 'rare' labour protest
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
A maid's wage
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43