Dubai World’s restructuring shows investors cannot make any easy assumptions when it comes to quasi-sovereign debt. By Sudip Roy. ‘Read the small print’ should be the mantra of any investor in any ...
DUBAI, May 29 (Reuters) - The United Arab Emirates' economic growth is expected to accelerate to up to 3.2 percent this year and no further major restructuring of Dubai debt is seen, the Gulf ...
GCC banks are on course to set another record in US dollar debt issuance this year, with the UAE playing a pivotal role in the region’s expanding capital markets. According to Fitch Ratings, total ...
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Ministry mum on UAE debt rollover
Pakistan's top economic decision-makers on Wednesday remained mum on the reasons behind a mere one-month extension in the repayment of $2 billion in debt by the United Arab Emirates, but said that all ...
The United Arab Emirates is on a borrowing binge — and looks set to extend its debt-issuance spree well into the new year. Companies as well as sovereign entities in the UAE — one of the highest-rated ...
As investors continue to digest the news that the debts of troubled real-estate developer Nakheel and its holding company, Dubai World, are not sovereign-backed or guaranteed, it’s worth considering ...
The UAE federal government and individual emirates are expected to issue a combined $18 billion in local currency loans this year as part of efforts to build a domestic debt yield curve, repay ...
Government-owned Dubai World will meet its main creditors next week to discuss a request to delay payment of a $26 billion debt, a move that shook global markets and confidence in the Gulf Arab ...
Dubai, which has an estimated 5bn in debt, can meet its liabilities, said Sami al-Qamzi, director general of Dubais Department of Economic Development Dubai can handle upcoming debt maturities, ...
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