Bahrain is seeking a higher cap on the public debt ceiling so that it can meet its agenda and cover social expenses, which are of direct concern to citizens. A recommendation was sent to His Majesty King Hamad requesting him to issue a Royal D
One of the Middle East's longest-running debt disputes edged closer to being resolved on Thursday when Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) presented a revised restructuring plan.
A recent study has pointed out that wage increases in the Middle East are going to be rather flat this year, due to the slump in the region’s economy brought about by the crash in oil prices. It further states that companies will continu
A $700 million landmark finance deal struck by Etihad Airways Partners (EAP) to fund expansion has been recognised by the prestigious market intelligence organisation International Financing Review (IFR) with a leading global award.
A minority of creditors are resisting attempts by Dubai government-owned property developer Limitless to seal a restructuring on around Dh1.9 billion ($517 million) in bank debt, three banking sources said.
Saudi Arabia-based Arab Petroleum Investments Corp (Apicorp) hopes to issue one or two debt deals in the coming year, the energy investment company's chairman told Arabiya television.
"We hope next yea
Dubai's flagship carrier Emirates plans to raise "a lot of" debt next year to help pay off maturing debt of about $1 billion and finance aircraft deliveries, its president Tim Clark said on Sunday.
"We have bond
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
Concern about Saudi Arabia's ability to cope with low oil prices pushed the cost of insuring its sovereign debt against default on Tuesday to its highest level since June 2009, when the global financial crisis was raging.
State-owned Emirates Global Aluminium (EGA) is in talks with banks to raise a $5 billion loan, four banking sources aware of the matter said on Wednesday, to refinance debt taken on for some of its projects.
EGA, created by the me