Friday 19 September 2014
 
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loan market

Dubai loans lean on local banks

Dubai's loan market has entered a new phase in its post crisis recovery, underpinned by a liquid local bank market, which is helping to fill the void left by European lenders still reeling from the emirate's financial meltdown in 2008.

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GCC firms 'face loans challenge'

GCC companies will find it difficult to secure syndicated loans until the current financial market turmoil subsides, loan market bankers said. Sources said that international banks are not willing to underwrite deals in Dubai or in the wid

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