Monday 30 March 2015
 
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debt

Mumtalakat allocates profits to pay off $1.4bn debt

Bahrain Mumtalakat Holding Company has allocated part of its profits to pay off debts which reached BD560 million ($1.4 billion) until December last year, it said in a statement. In reply to MPs, the company said no funds have bee

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Bahraini MPs veto move to raise debt ceiling

Bahrain’s national accounts hang in the balance after parliament yesterday (March 24) voted overwhelmingly to veto a decision to raise the country's debt ceiling - four months after it was taken. Thirty MPs, including pa

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Lloyds, Natixis and RBS sell Dubai World debt

Lloyds Banking Group and Natixis have sold their holdings in debt of Dubai World, the state-owned conglomerate nearing a $14.6 billion debt restructuring, according to sources familiar with the matter. Royal Bank of Scotland (RBS)

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Iraq builds up debts as oil price drops

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer. Western oil compan

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Iraq builds up debts as oil price drops

Iraq is building up debts to the oil companies developing its giant fields, industry sources said, a further sign of how the oil-price drop is putting a squeeze on revenues in Opec's second-largest producer. Western oil compan

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Drydocks World 'seeks to amend debt deal'

Dubai's Drydocks World, owner of the Middle East's largest shipyard, will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, two sources aware of the matter said on Sunday. T

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Drydocks World 'seeks to amend debt deal'

Dubai's Drydocks World, owner of the Middle East's largest shipyard, will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, two sources aware of the matter said on Sunday. T

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Equities 'set to deliver highest gains this year'

Equities are expected to have the highest total return this year in global and local markets, according to the CFA Institute's Middle East Market Sentiment Survey. Debt and Sharia-compliant issuances as well as mergers and acq

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Kuwait’s Investment Dar upbeat on debt restructuring

Kuwait's Investment Dar remains on track to agree the bulk of a KD813 million ($2.8 billion) debt restructuring plan despite resistance by some minority investors, according to a company document. The firm, which holds a stake

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Dubai World wins creditor assent for debt deal

State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10, according to court proceedings on Sunday.

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