Dubai looking at alternatives to repay debt
Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said on Tuesday, adding that the…
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Favourable market conditions may prompt Dubai to issue another sovereign bond this year, a top official said on Tuesday, adding that the…
May 7, 2013 5:46Nobody in the world succeeds or becomes a pioneer unless he makes mistakes. it's a price that we sometimes have to pay, says Habtoor.
November 29, 2012 8:58Is Dubai now - unlike during the recession period - better equipped to handle its redemptions?
November 7, 2012 3:44Repayment to take place between April 4 to 10; Operator's cash balance will be $1.2 billion after repayment; DP World cancels $2 bln existing revolving credit facility
March 26, 2012 9:12Private sectors may be wary of the regional unrest, but booming energy industries are expected to offset this, especially with aggressive state spending.
April 5, 2011 4:10Support fund could need as much as $2.4 bln in next 2yrs; $8.5 bln of total est.$79 bln debt could be challenging; Dubai likely to raise funds from capital mkts.
February 27, 2011 3:0410 Top Dead Or Dying Career Paths; Dubai Finances: Debt forgetfulness; Facebook Privacy; How Truthful Must CEO Steve Jobs Be?
January 21, 2011 1:04Five-year credit default swaps (CDS) for Dubai spiked 30 basis points from the previous close to 440 basis points, according to CDS monitor Markit.
November 12, 2010 2:14Though some predict a quick economic recovery, times are still tough; Kipp wonders if Dubai can afford to hold onto its assets for a better price down the line.
October 27, 2010 3:15Analysts estimate Dubai’s overall debt at $115 bln; Asset sales, then sovereign issue likely financing options; Dubai government likely to sell part of DP World stake.
October 14, 2010 5:05Dual listing filing seen after March results.
October 13, 2010 3:02Dirham forwards stay near one-month lows, Dubai CDS down.
October 12, 2010 8:38Dubai is expected to boost budget revenues through asset sales, according to analysts, who say bond issuance and funds from other Gulf states are also options – ahead of new taxes.
September 13, 2010 2:48Despite government bailouts, tight liquidity persists throughout the Emirates.
May 7, 2010 10:18Emirate retains luxury status despite media onslaught, according to survey of UK travel agents.
May 3, 2010 12:51