Dubai bond rally is modestly positive for 2012
Although Dubai bonds have outperformed some high-grade Abu Dhabi credits, thin liquidity, lack of supply still put them at risk.
December 22, 2011 4:06Dubai’s Drydocks expects debt deal by March
Drydocks eyeing payment extension of 5-8 years; No financial support sought from Dubai govt
December 20, 2011 10:57Emaar draws on Dubai Mall to raise $1B
Facility backed by Dubai Mall - statement; Favourable rate secured in difficult funding environment
December 19, 2011 3:45
Back on track? GCC Corporate Banking in recovery
GCC corporate banking profitability is on its way to recovering from the turmoil of the financial crisis, or so says the latest report by The Boston Consulting Group (BCG).
December 14, 2011 4:57IMF cuts Greece forecast but sees bondholder deal
The International Monetary Fund (IMF) said on Tuesday it anticipates a deeper recession for Greece through 2012, but expressed optimism for a deal with private bondholders to help make the country's debt more sustainable.
December 14, 2011 11:02
Dubai’s hunt for its buried treasure continues
As Dubai does some serious housekeeping…there’s got to be some seriously review and fortification of the current processes for money lending and, yes, even traffic fines.
December 13, 2011 3:08Kuwait’s Global Investment House says creditors agree with repayment delay
Creditors of Kuwait's Global Investment House have agreed to delay repayment of the principal of their debt to the middle of next year, the company said on Monday, so it can undertake a second restructuring.
December 13, 2011 11:38
World on the brink: a fragile 2012 ahead
Merrill Lynch draws a fragile connection of events expected in 2012, as debt, weak spending and soft asset prices threaten us with yet another global recession.
December 10, 2011 9:24Dubai’s JAFZA in debt talks, rules out govt aid
JAFZA not looking for government support; Cannot rule out option of asset sales
December 7, 2011 12:51Creditors OK global investment bond payment delay to June
Kuwait's Global Investment House said on Wednesday bondholders have agreed to delay repayment of a 45 million dinar ($163 million) bond to next June from April.
December 7, 2011 12:30
Dubai may use sovereign fund to repay debt
Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.
December 6, 2011 3:46Kuwait halts Global Investment trading on accumulated losses
The Kuwait bourse halted trading in Global Investment House's shares on Monday, saying its accumulated losses to the end of September had exceeded 75 percent of its capital, contravening market rules.
December 5, 2011 11:01
UAE Central Bank is buying US Govt Debt…Again
EU may not be asking for UAE aid but the Emirates is looking at investing in Greece. Meanwhile the UAE resumes investing in US Treasury bonds at “reasonable” interest rates.
November 30, 2011 2:05Piraeus says StanChart ends talks to buy Egypt arm
Standard Chartered has ended talks to acquire the Egyptian unit of Greece's Piraeus Bank because of a worsening economic climate, Piraeus said on Monday.
November 29, 2011 1:02UAE central bank sees no impact on banks from market turmoil
Banks in the UAE are in a good position and should not be affected by turmoil in global financial markets, the OPEC country's central bank said on Wednesday.
November 24, 2011 1:44
A major step for Turkey
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26