Posts Tagged ‘Dubai’
Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will provide its debt-strapped neighbor, sources close to the discussions said.
Bankers in London and the Gulf are
The Dubai Government has created a regulatory body for the utilities sector and will soon put a framework in place that could pave the way for the private sector to enter the power generation and utility businesses, Gulf News has learnt.
The Du
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
Dubai Financial Market PJSC, the only Gulf Arab stock market to sell shares to the public, delayed the introduction of a new tick system for shares.
“The introduction of three decimal tick size system on securities with a market value below 1
The United Arab Emirates pledged its support for Dubai yesterday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached. The UAE finance minister said the federal government would support
Debt-laden Dubai World, which will meet with the two local banks on its creditor committee this week, will propose that creditors get their principal investment back, a magazine report said.
The Meed magazine, which did not name sources, said D
The federal government will support Dubai as it grapples with a $26 billion debt restructuring and expects the matter to be resolved soon, the United Arab Emirate’s finance minister said on Tuesday.
Asked whether the government would support Du
UAE bourses on Monday extended their gains as investors showed interest in banking and property shares amid speculation that Dubai World is expected to put its debt restructuring plan to creditors this week.
Emaar Properties surged to a seven-
Emaar Properties surged to a seven-week high on Monday after its Indian joint venture received approval to launch an initial public offering, helping Dubai’s index extend gains.
Hopes Dubai World will soon unveil a $26 billion debt restructurin
