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UAE group Al Jaber to raise $1.6bn from asset saleAl Jaber Group, a family-owned business in Abu Dhabi, UAE, has almost doubled the amount of cash it intends to raise from asset sales including real estate and shares under a new debt repayment plan it offered to creditors, two people with knowl More… |
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UAE group Al Jaber to raise $1.6bn from asset saleAl Jaber Group, a family-owned business in Abu Dhabi, UAE, has almost doubled the amount of cash it intends to raise from asset sales including real estate and shares under a new debt repayment plan it offered to creditors, two people with knowl More… |
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Limitless to make $563m payment after debt dealDubai-based real estate developer Limitless will make an early payment of Dh2.07 billion ($563.6 million) to banks and trade creditors this month, following the successful conclusion of its restructuring agreement with lenders. Un More… |
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Kuwait's Investment Dar reaches key debt agreementThe indebted Kuwaiti shareholder of British luxury carmaker Aston Martin has persuaded just under a third of its creditors to accept a debt restructuring deal that offers them shares in a portfolio of its assets, its financial advisor said. More… |
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Gold flat, investors eye US debt dealGold was little changed on Wednesday, marking time after US lawmakers gave renewed assurances that a deal to avert a US default was within reach. Officials said late on Tuesday an agreement to lift the government's $16.7 trill More… |
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Limitless to repay lenders by 2016Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday. More… |
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Limitless to repay lenders by 2016Dubai property firm Limitless, which reached a restructuring agreement with creditors on a $1.2 billion loan last week, will repay debt due to bank creditors by 2016, the indebted firm's chairman said on Sunday. More… |
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Zabeel Investments in $956m bank debt dealIndebted Zabeel Investments, which is owned by Dubai's crown prince, has reached a $956 million debt deal with lenders, according to al-Khaleej newspaper on Thursday. The Arabic-language daily, citing an unnamed senior banking More… |
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Dubai Holding unit inks $2.5bn debt dealDubai Holding today announced that Dubai International Capital (DIC), its private equity investment arm, has reached a final agreement with its lenders regarding the restructuring of approximately $2.5 billion of liabilities. Under the ter More… |
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Al Jaber close to debt standstill dealAbu Dhabi conglomerate Al Jaber Group is close to a standstill agreement on its $1-billion plus debt restructuring of debt, with more than 90 percent of lenders agreeing to the move, two sources said on Wednesday. Al Jaber, a family-owned More… |
