Thursday 23 March 2017
 
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Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters, a lea

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Contactless payment? Beware of New Year debt

Consumers planning to pay for their shopping by contactless could be in store for a nasty New Year shock, according to research from a London Business School professor whose prior findings would suggest touchless payment could see festive shoppe

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GGICO aims to renegotiate part of debt plan

Dubai-listed conglomerate Gulf General Investment Co (GGICO) is seeking to restructure loans linked to a Dh2.8 billion ($762 million) debt plan which it agreed four years ago, banking sources told Reuters. It is the latest example

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Emaar launches giant golf district in Dubai South

Global developer Emaar Properties today announced Emaar South, its newest mega-development in Dubai South, one of the city’s most sought-after destinations of the future. Situated just minutes from the Al Maktoum Internation

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Biggest milestone: Nakheel completes recovery

Dubai developer Nakheel will be completely debt-free following full payment of its Dh4.4 billion ($1.2 billion) trade creditor sukuk when it matures on Thursday (August 25), the company has announced.   The scheduled payment m

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Biggest milestone: Nakheel completes recovery

Dubai developer Nakheel will be completely debt-free following full payment of its Dh4.4 billion ($1.2 billion) trade creditor sukuk when it matures on Thursday (August 25), the company has announced.   The scheduled payment m

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Bohai Steel $28.9bn debt plan to get local support: Caixin

Bohai Steel Group, the indebted state-owned conglomerate, may receive help from a local government bailout fund to restructure its debts, the online financial magazine Caixin said at the weekend. Bohai Steel, which was created in

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GFH repays $45m to debt syndicates

Bahrain-based Islamic investment firm GFH Financial Group (GFH) has announced it has repaid $45 million to its debt syndicates, reported the Gulf Daily News, our sister publication. To read further, please visit

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Pacific Controls in bank talks about $381m debt

Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of Dh1.4 billion ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.

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Pacific Controls in bank talks about $381m debt

Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of Dh1.4 billion ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.

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