Sunday 14 February 2016
 
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debt

Debt deal for Limitless closer after Silver Point sale

A debt restructuring for Dubai-based developer Limitless moved closer after Silver Point Capital sold its share of the Dh4.45 billion ($1.2 billion) debt last month, two sources involved in the process said.   US

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Saudi ACWA Power plans to raise $8bn debt

Saudi Arabia's ACWA Power plans to raise $8 billion of debt in the first half of this year to finance projects that will help to boost its generating capacity by a third by the end of 2016, its CEO told Reuters.  

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Foreign oil firms to settle Iran's debt in euros: Zangeneh

Iran's oil minister said foreign oil companies that owe his country billions of dollars are likely to settle their debts in euros.   Greece's Hellenic Petroleum, Italy's Saras and Royal Dutch Shell ow

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UAE likely to ratify federal debt law this year

The UAE is likely to ratify a law by the end of this year that will allow the federal government to issue bonds, after which the UAE would issue about Dh80 billion to Dh100 billion ($22 billion to $27 billion) worth of debt, a senior finance min

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Bahrain to rethink public debt ceiling

Bahrain is seeking a higher cap on the public debt ceiling so that it can meet its agenda and cover social expenses, which are of direct concern to citizens. A recommendation was sent to His Majesty King Hamad requesting him to issue a Royal D

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End to Saudi Algosaibi debt saga inches closer

One of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented a revised restructuring plan.  

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How to shore up finances in the new year

A recent study has pointed out that wage increases in the Middle East are going to be rather flat this year, due to the slump in the region’s economy brought about by the crash in oil prices. It further states that companies will continu

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Top award for Etihad Partners' debt financing deal

A $700 million landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognised by the prestigious market intelligence organisation International Financing Review (IFR) with a leading global award.

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Limitless debt deal held up by minority creditors

A minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said.   The

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Saudi-based Apicorp mulls debt issues next year

Saudi Arabia-based Arab Petroleum Investments Corp (Apicorp) hopes to issue one or two debt deals in the coming year, the energy investment company's chairman told Arabiya television.   "We hope next yea

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