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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

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

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
 
Aldar Says No Financial Help Needed From Abu Dhabi

Aldar Says No Financial Help Needed From Abu Dhabi

Abu Dhabi's Aldar Properties , currently in merger talks with rival Sorouh Real Estate, says it is committed to repay its huge pile of debt and sees further consolidation in the emirate's battered property market.

April 23, 2012 9:07
 
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