Saturday 4 July 2015
 
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debt

IMF warns Greece needs debt extension

The International Monetary Fund has warned that Greece would need an extension of its European Union loans and a potentially a large debt write-off if it grows more slowly than expected and economic reforms are not implemented. Th

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Al Jaber seeks new terms for $4.5bn restructured debt

Abu Dhabi-based conglomerate Al Jaber Group is talking with banks to refinance around $4.5 billion of debt it restructured last year to improve terms imposed by creditors, three sources aware of the matter told Reuters. It is the

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Stocks tumble, yields drop as Greece crisis mounts

US stocks added to a global selloff on Monday as Greece veered toward a default on its 1.6 billon euro ($1.7 billion) debt. Greece will not pay a loan installment due the International Monetary Fund on Tuesday, a Greek government

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Malaysia fund's $4.5bn rescue may weigh on IPIC

The $4.5 billion rescue of a struggling Malaysian state fund is good news for the government in Kuala Lumpur but will load Abu Dhabi's International Petroleum Investment Co (IPIC) with extra debt that may worry investors in its bonds.

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Malaysia fund's $4.5bn rescue may weigh on IPIC

The $4.5 billion rescue of a struggling Malaysian state fund is good news for the government in Kuala Lumpur but will load Abu Dhabi's International Petroleum Investment Co (IPIC) with extra debt that may worry investors in its bonds.

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Oil prices steady, all eyes on Greece

Oil prices were little changed in thin trade on Friday, with investors focusing on talks aimed at averting a Greek debt default. Brent crude for August delivery was up 19 cents at $63.39 a barrel by 0334 GMT after ending the previ

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Shell in Tehran to discuss debt, co-operation

Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran be lifted. Officials from the Anglo-Dutch company major recently met Iran

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Shell in Tehran to discuss debt, co-operation

Royal Dutch Shell has recently held talks in Iran to discuss business cooperation with the oil and gas-rich country should international sanctions on Tehran be lifted. Officials from the Anglo-Dutch company major recently met Iran

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NBAD honoured for debt capital market actiivties

National Bank of Abu Dhabi (NBAD) was named ‘Best DCM House in the UAE’ by Euromoney Awards for Excellence 2015 at a ceremony held in Dubai recently. Its debt origination and distribution activities have earned its gro

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Saudi's Algosaibi outlines new debt proposal to creditors

Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) is offering creditors a minimum return of 28 cents on every dollar owed under an enhanced proposal to end one of the Middle East's largest ever debt restructurings.

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