Thursday 30 June 2016
 
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borrowing

Bahrain MPs limit govt borrowing despite warnings

Bahraini MPs have voted to limit government borrowing despite warnings that it would result in dramatic cutbacks in public spending. Parliament unanimously approved a proposal to cap state borrowing at 60 per cent of gross domestic product (GD

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Bahrain MPs back debt ceiling

Bahrain’s government could soon be forced not to exceed 60 per cent of gross domestic product (GDP) when going for borrowing. Parliament’s financial and economic affairs committee has backed the Shura Council’s new law that p

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NBAD becomes securities lending and borrowing agent

National Bank of Abu Dhabi (NBAD) has become the first bank to operate as a securities lending and borrowing agent for the UAE market, after it was granted approval by Securities & Commodities Authority (SCA).  

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Bahrain cbank warns borrowing in the face of oil price

The Central Bank of Bahrain (CBB) has warned that borrowing in the face of oil price drop and the absence of a plan to reduce deficit, will have an adverse impact on the kingdom’s economic stability. With increased governmen

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Saudi to discuss deficit financing with central bank

Saudi Arabia's Finance Ministry will discuss with the central bank its options for financing the large state budget deficit expected next year, and may cover some of the shortfall with borrowing, Finance Minister Ibrahim Alassaf said.

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$13bn loan cap revision rejected in Bahrain

Bahrain's Shura Council has rejected a request from the government to modify the terms of a BD5 billion ($13.1 billion) borrowing cap approved earlier this month.   Minister of State for Parliament and Shura

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Dubai bourse issues new securities lending rules

Dubai Financial Market (DFM) , the emirate's main stock exchange, has issued rules allowing the lending and borrowing of securities, part of efforts to make the market more flexible ahead of an influx of foreign funds. Lending

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Qatar imposes borrowing curbs on state firms

State-owned companies in Qatar must now seek approval from the Ministry of Finance before undertaking any borrowing activity, banking sources said on Tuesday, as the country looks to avoid unsustainable debt levels in a rush for growth.

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US debt limit imminent as deal still elusive

With the United States just a day away from exhausting its ability to borrow money, US Senate leaders were still discussing a deal late on Tuesday aimed at raising the debt limit and reopening federal agencies that have been closed for two weeks

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Aabar faces cost jump for loan refinancing deal

Abu Dhabi state fund Aabar Investments, weakened by a slump at key assets, faces a near doubling in borrowing costs as it closes in on a refinancing package to repay a $2 billion loan due in May, banking sources said. The fund, th

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