Dubai raises $675M for tram project
Dubai's department of finance raised $675 million from a dual-currency loan to complete the first phase of its Al-Sufouh tram project in the emirate.
February 23, 2012 11:25
Dubai’s DP World in talks for $1B loan
Dubai's DP World is in talks with banks for a $1-billion syndicated loan to replace its existing $3-billion deal that matures in October, bankers said.
February 22, 2012 12:54
World Bank OKs $240M loan for Egypt power plant
The World Bank approved on Tuesday a $240 million loan to help Egypt develop the Giza North power project as it strives to meet growing demand for electricity.
February 15, 2012 2:26
Saudi Mobily signs $2.7B loan refinancing
Saudi Arabia's Etihad Etisalat (Mobily) signed a 10 billion riyals ($2.67 billion) sharia-compliant loan refinancing with a group of seven local banks, the telco said on Sunday, taking advantage of favourable borrowing rates in the kingdom.
February 12, 2012 2:26
UAE central bank to cap interest on credit cards
The UAE central bank is finalising rules that would cap the interest rate banks charge on credit cards at 18 percent annually to curb bad loans, Al Khaleej newspaper reported on Tuesday, citing a senior central bank official.
January 31, 2012 2:34IMF to visit Egypt this week for loan talks
Egyptian authorities and the International Monetary Fund will begin talks in Cairo this week on a possible 18-month IMF loan program worth about $3 billion, an IMF source said on Tuesday.
January 11, 2012 11:16
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 4:06Djibouti signs $36M port loan
Djibouti on Tuesday agreed a $36 million loan to build a new port and expand the business upon which the tiny country's economy relies, a government minister told Reuters.
December 14, 2011 11:07New Egypt finmin cautious on IMF loan – statement
Egypt is not ready for a decision on funding from the International Monetary Fund (IMF), the government said on Saturday in a statement that named Mumtaz al-Saeed as the country's new finance minister.
December 3, 2011 7:29
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 2:05
Plastic fantastic–Is the UAE becoming a paperless society?
After years of convincing UAE residents cards are the future, looks like people are finally coming around.
August 21, 2011 3:41Dubai’s ENBD sees positive economy, slow H2 loan growth
H2 loan growth revised to 1-2 pct from 3-4 pct; Q2 net profit 744 mln dirhams vs 398 mln dirhams yr-ago; UAE GDP growth forecast 4.6 pct in 2011; Shares rise 1.22 pct in Dubai trade
July 26, 2011 10:13
Wedding woes weigh heavy on Omani government
Prospective grooms are protesting for government help to ease high dowry demands and expensive wedding costs
June 15, 2011 1:40Saudi govt loan to cover 70 pct of SEC projects
Loan to serve projects in the next 5 to 6 years; SEC adding around 13,000 MW from 2012-2016
June 14, 2011 4:06
Over $500mn of undocumented loans sinks Kabul Bank
A number of Kabul's elite, some owning properties in Dubai, have received undocumented millions in loans, with the bank only able to get back two-thirds of the whole debt.
May 30, 2011 10:47
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