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Iran bank halts guarantee for Indian importsIran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees. India, exempted on Monda More… |
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Damac offers 24pc rental return guaranteeDubai-based Damac Properties, in its latest initiative aimed at boosting property sales, is offering a 24 per cent rental return guarantee on all units purchased within its Burjside Terrace serviced apartment development. The Burjside Terr More… |
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UAE council approves bank bonds guarantee lawA United Arab Emirates (UAE) council that advises the country's rulers approved a law on Tuesday to allow the government to guarantee debt instruments issued by local banks in a bid to boost the bond market. The law now needs the appro More… |
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Jaber says no Austrian Airlines bank guaranteeInvestor Sheikh Mohamed Bin Issa al Jaber will not meet a Wednesday deadline to provide a bank guarantee for his plan to invest 150 million euros ($234.8 million) in Austrian Airlines, a spokeswoman for the sheikh said. "Al Jaber withdrew More… |
