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Dubai Marina. Uae

Dubai World gets majority creditor backing for $14.6 billion debt deal

By Tom Arnold and David French DUBAI, Jan 12 (Reuters) – State-owned conglomerate Dubai World edged closer to a second…

January 13, 2015 2:20
Back view image of businessman drawing graphics on wall

UAE GDP to climb 4.5 per cent in 2015

‘The Emirati economy is the second largest in the Arab world and the most diversified in the Middle East’

November 12, 2014 3:38
saving money

Dubai repays $1.93 billion debt

The timely repayment reflects the government's commitment to pay off all liabilities as per the schedule.

November 4, 2014 4:45

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

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