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The three-year loan, which replaces a $1.85 billion facility set to mature on July 22, will be marketed by Bank of Tokyo-Mitsubishi UFJ, Deutsche Bank, HSBC , JP Morgan and Standard Chartered, four sources said.
June 24, 2012 10:25
DIFC Investments, a unit of the firm that runs Dubai's financial free zone, is set to sign a $1 billion loan partly guaranteed by the Dubai government to help refinance a $1.25 billion Islamic bond maturing in June, two sources said on Thursday.
May 31, 2012 11:52
DIFC Investments, the investment arm of the company running Dubai’s financial free zone, is close to securing a $1 billion…
May 22, 2012 9:11
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 2:26Dubai's government has no plans to restructure debt held by state-linked companies, although it is ready to support them through "various" refinancing options, it said on Wednesday.
December 8, 2011 1:04Dubai's government has no plans to restructure debt held by state-linked companies, although it is ready to support them through "various" refinancing options, it said on Wednesday.
December 8, 2011 9:17
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 3:46
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26
