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First Gulf Bank repays $1.2bn govt supportAbu Dhabi-based First Gulf Bank has fully repaid federal government funds it received as support in the wake of the global financial crisis, it said on Monday, a move other banks in the country are expected to follow in 2013. The More… |
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Debt-for-equity solution seen for DIFC loanThe Government of Dubai may have to write off its $1 billion loan to Dubai International Financial Centre (DIFC) Investments in exchange for shares, said JPMorgan, the US-based investment bank. The Government would also have to make invest More… |
