Tuesday 13 November 2018
 
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debt

NREC wins approval to convert Agility loan into equity

National Real Estate Company (NREC) said it has won approval from shareholders to convert the KD31-million ($101.7 million) loan taken from Agility Investment Holding Limited Company into 272.8 million shares in the company's share capital a

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Drake & Scull completes UAE debt restructuring

Drake & Scull International (DSI), a regional leader in engineering and construction services, announced today that it has successfully completed the restructuring of its corporate general bank debt in the UAE and has secured new credit li

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Drake & Scull completes UAE debt restructuring

Drake & Scull International (DSI), a regional leader in engineering and construction services, announced today that it has successfully completed the restructuring of its corporate general bank debt in the UAE and has secured new credit li

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Mena wealth grows by over $2.2trn since 2000

Total wealth in the Mena region grew by $2.221 trillion or 156 per cent since 2000, above the global average of 140 per cent, according to Credit Suisse Research Institute’s 2017 Global Wealth Report. In the next five years

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Mideast debt issuance up 53pc to $57bn in H1

Middle Eastern debt issuance reached $57.4 billion during the first half of 2017, an increase of 53 per cent year-on-year, according to a Thomson Reuters report. The value of announced M&A transactions with Middle Eastern invo

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Mideast debt issuance up 53pc to $57bn in H1

Middle Eastern debt issuance reached $57.4 billion during the first half of 2017, an increase of 53 per cent year-on-year, according to a Thomson Reuters report. The value of announced M&A transactions with Middle Eastern invo

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Refinancing risk on $1 trillion debt for EMEA firms eases

The refinancing risk for speculative-grade non-financial companies in Europe, the Middle East and Africa (EMEA) region has considerably fallen, with over half of the almost $1 trillion debt now due in 2022 and beyond as investors' continued

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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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