Sunday 26 October 2014
 
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debt deal

Kuwait's Investment Dar reaches key debt agreement

The indebted Kuwaiti shareholder of British luxury carmaker Aston Martin has persuaded just under a third of its creditors to accept a debt restructuring deal that offers them shares in a portfolio of its assets, its financial advisor said.

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Gold flat, investors eye US debt deal

Gold was little changed on Wednesday, marking time after US lawmakers gave renewed assurances that a deal to avert a US default was within reach. Officials said late on Tuesday an agreement to lift the government's $16.7 trill

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Limitless to repay lenders by 2016

  Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday.

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Limitless to repay lenders by 2016

  Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday.

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Zabeel Investments in $956m bank debt deal

Indebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956 million debt deal with lenders, according to al-Khaleej newspaper on Thursday. The Arabic-language daily, citing an unnamed senior banking

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Dubai Holding unit inks $2.5bn debt deal

Dubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities. Under the ter

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Al Jaber close to debt standstill deal

Abu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday. Al Jaber, a family-owned

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Drydocks wins lenders' backing for debt deal

Dubai's ship building unit Drydocks World has secured the necessary level of support from its syndicated lenders to implement the restructuring of its $2.2 billion debt, the company said in a statement on Saturday. The Dubai World unit

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Time running out for Greek debt accord

Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default. A t

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Greece pushes for key debt deal

Greece's government made another push on Saturday to hammer out a deal with foreign lenders on a 130 billion euro bailout before turning to the trickier task of convincing wary political leaders to back the additional painful reforms involved.

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