Wednesday 4 March 2015
 
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Kuwait’s Investment Dar upbeat on debt restructuring

Kuwait's Investment Dar remains on track to agree the bulk of a KD813 million ($2.8 billion) debt restructuring plan despite resistance by some minority investors, according to a company document. The firm, which holds a stake

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Dubai World wins creditor assent for debt deal

State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10, according to court proceedings on Sunday.

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Aldar’s mega-mall revenue ‘will help cut debt’

Abu Dhabi's Aldar Properties will further slash its debt this year as it nets higher-margin recurring revenue from a newly opened mega mall, a senior executive said on Thursday after it reported a 61 per cent jump in quarterly profit.

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BBK eyes bond issue to refinance $500m debt

Bank of Bahrain and Kuwait (BBK) is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive has said. The offering by Bahrain's fourth-largest bank by assets

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BBK plans bond issue to refinance $500m debt

BBK, formerly known as Bank of Bahrain and Kuwait, is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive said on Wednesday. The offering by Bahrain's fo

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Limitless nears deal with creditors for debt extension

Dubai government-owned property developer Limitless has secured the agreement of 85 per cent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a proposed restructuring plan, its chairman said.

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Limitless nears deal with creditors for debt extension

Dubai government-owned property developer Limitless has secured the agreement of 85 per cent of its creditors for a three-month extension to a debt repayment due at the end of 2014 and for a proposed restructuring plan, its chairman said.

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Dubai World $14.6bn debt deal vote on March 17

The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i

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Bahrain opens govt debt sales through bourse

Bahrain has launched direct sales of local currency government debt through its securities exchange, in an effort to broaden the investor base for its debt as sliding oil prices put state finances under pressure. Bahraini and non-

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Circle Oil receives $15m payment from Egyptian govt

Oil and gas explorer Circle Oil said it had received a $15 million payment from the Egyptian government as part of Egypt's plan to pay off debts owed to energy companies operating in the north African nation. "This has re

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