Monday 22 September 2014
 
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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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Dubai World in deal to extend $10bn debt repayment

Dubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a

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GFH repays $25m to debt holders

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

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Etisalat's Zantel defaults on $96m loan

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

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Ooredoo signs $1bn loan deal to repay debt

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

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Nakheel initiates $639m bank debt repayment

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

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Egypt to start paying foreign oil firms by year end

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

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Dubai repays $909m bonds on maturity

  The government of Dubai has fully repaid Dh3.34 billion ($909 million) of bonds which were due on April 23, the emirate's media office said in a statement on Sunday.   The repayment was part o

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Banks to repay ECB $16.3bn

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

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ENBD to start repaying govt support cash

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

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