Friday 25 May 2018
Government loan

First Gulf Bank repays $1.2bn govt support

Abu 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


Debt-for-equity solution seen for DIFC loan

The 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

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