Bahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million so far this year.
In a statement to the Bahrain Bourse, the bank said this repr
An unidentified bank has demanded Zanzibar Telecom repay $96 million owed to it after the Tanzanian mobile operator defaulted on the loan, a bond prospectus for parent firm Etisalat said.
Zanzibar Telecom, whic
Qatar's Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday.
Ooredoo will use the new facility to repay a $750 million loan d
Dubai developer Nakheel said it has initiated early repayment of Dh2.35 billion ($639.8 million) of bank debts 18 months ahead of maturity in September 2015.
The state-owned company had accumulated Dh6.8 billion of bank debts whil
Egypt will begin repaying the more than $6 billion it owes to foreign oil companies within two months, the chairman of state-run Egyptian General Petroleum Corporation (EGPC) said on Monday.
"By hook or crook we will get them
Banks will next week repay the European Central Bank (ECB) 12.495 billion euros ($16.34 billion) of two three-year loans they took a year ago, a drop in the payback rate that shows they prefer to hold surplus cash in case financial markets clog
Emirates NBD, Dubai's biggest bank, said it will start repaying part of the Dh12.6 billion it received from the government in 2008, after reporting forecast-beating quarterly results.
The UAE's Ministry of Finance placed D
Dana Gas could become the first company in the UAE to restructure a bond as concerns rise that it will not have enough cash to repay a $1 billion convertible sukuk (Islamic bond) at maturity in October.
The Abu Dhabi-listed firm said
Saudi Arabia's biggest property developer Dar Al Arkan plans to repay about 3.7 billion riyals ($986.6 million) of debt this year, its chief financial officer said.
'Beyond the SR2.5 billion cash in hand on December 31, we plan to