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NBAD to repay $1.5bn UAE emergency fundsNational Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, said it will repay the entire amount of Dh5.6 million ($1.5 billion) it had received in emergency funds from the UAE government during the global financial crisis. More… |
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Global worries 'spark repayment fears in Mena'Uncertainty over the global economy is increasingly prompting Middle Eastern companies to use financial instruments which offset the risk of non-payment by foreign trade partners, HSBC's regional commercial banking head sai More… |
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Dana Gas ‘will not repay $920m sukuk’UAE-based natural gas firm Dana Gas will not repay a $920 million convertible Islamic bond when it matures on Wednesday and has reached a standstill agreement with bondholders, three sources said. Sharjah-based Dana, hit by paymen More… |
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Emirates repays $550m sukukEmirates airline, Dubai's flagship carrier, repaid in full a $550 million Islamic bond, or sukuk, at maturity on Monday, the company said in a statement. "The repayment of our first ever sukuk bond is part of Emirates' varied financing str More… |
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Emirates to repay $500m sukukDubai's Emirates, the fast-expanding Gulf airline, will repay in full a $550 million Islamic bond maturing later in June, a senior executive told local newspaper Gulf News. The sukuk that matures on June 16, will not be refinanced, Emi More… |
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Global to delay bond repaymentKuwait's Global Investment House secured approval from bondholders to delay the repayment of bonds worth 95 million dinars ($338.9 million) to December from June, a regulatory filing from the company said. The assent was granted at a meeti More… |
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DIFCI seeks $1bn loan to repay sukukThe investment arm of Dubai's International Financial Centre is in talks with banks to raise a loan worth as much as $1 billion to help it meet the June maturity of a $1.25 billion Islamic bond, three sources said on Wednesday. DIFC Invest More… |
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Drydocks eyes repaying $2.2bn debt in 5 yearsShipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 billion loan facility, ending lengthy and complex debt talks. Chairman K More… |
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Global asks for bond repayment delayKuwait's Global Investment House is to ask bondholders if it can delay repayment of a 45 million dinar ($163 million) bond to June 2012 from April 2012, the company said in a statement on Monday. A meeting to approve the firm's req More… |
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Dubai to repay $4 billion loan in fullInvestment Corporation of Dubai (ICD), the emirate's sovereign wealth arm, on Monday said it will repay in full a $4 billion loan maturing on August 21, financing it mainly with dividends from its investments. ICD had been expected to repa More… |
