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GFH repays $37m to debt syndicatesGFH Financial Group (GFH), a Bahrain-based financial group, has repaid $37.5 million to its debt syndicates. These repayments are in addition to $33 million paid by GFH to its debt holders last year, and More… |
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Shell eyes Iran, to pay debt when sanctions endRoyal Dutch Shell will repay a $2 billion debt to the National Iranian Oil Company (NIOC) when sanctions on Iran are lifted and will consider investing in the country's vast energy sector, Shell's boss for new business said. More… |
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Egypt to repay debts to foreign oil firms within 6 monthsEgypt plans to repay all of its $4.9 billion debt to foreign oil and gas companies within six months, the oil ministry said on Thursday, a move it hopes will prompt them to boost exploration and ease the worst energy crunch in decades. More… |
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Dubai World in deal to extend $10bn debt repaymentDubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a More… |
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Dubai World in deal to extend $10bn debt repaymentDubai World, one of the emirate's big state-owned conglomerates, has signed a deal with its main creditors to extend the repayment of $10.3 billion debt, said a report. The group, which owns the third-largest ports operator, a More… |
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GFH repays $25m to debt holdersBahrain-based Islamic investment bank, Gulf Finance House (GFH), has repaid $25 million to debt holders marking total debt principal payments of $33 million so far this year. In a statement to the Bahrain Bourse, the bank said this repr More… |
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Etisalat's Zantel defaults on $96m loanAn unidentified bank has demanded Zanzibar Telecom repay $96 million owed to it after the Tanzanian mobile operator defaulted on the loan, a bond prospectus for parent firm Etisalat said. Zanzibar Telecom, whic More… |
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Ooredoo signs $1bn loan deal to repay debtQatar's Ooredoo has signed a $1 billion five-year revolving credit facility, the telecommunications operator said in a statement on Thursday. Ooredoo will use the new facility to repay a $750 million loan d More… |
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Nakheel initiates $639m bank debt repaymentDubai developer Nakheel said it has initiated early repayment of Dh2.35 billion ($639.8 million) of bank debts 18 months ahead of maturity in September 2015. The state-owned company had accumulated Dh6.8 billion of bank debts whil More… |
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Egypt to start paying foreign oil firms by year endEgypt will begin repaying the more than $6 billion it owes to foreign oil companies within two months, the chairman of state-run Egyptian General Petroleum Corporation (EGPC) said on Monday. "By hook or crook we will get them More… |
