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Modi to target record asset sales in first budgetIndia's new government will seek to raise up to a record $11.7 billion in asset sales in its maiden budget this week, a senior government source said, bolstering state finances and buying time for structural reforms to revive a weak economy. More… |
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Dubai World prepays $284m to creditorsDubai World, one of the emirate's big state-owned conglomerates, has prepaid $284.5 million to creditors under its $25 billion debt restructuring plan, sources familiar with the matter said on Wednesday. The conglomerate obtai More… |
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Jafza in debt talks, rules out govt aidDubai's Jebel Ali Free Zone (Jafza) is confident it can refinance a $2.04-billion Islamic bond due next year without government support and it does not rule out asset sales to help raise funds, its chairman said on Tuesday. Hisham Abdulla More… |
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No pressure for Dubai asset sales this yearDubai is under no pressure to make asset sales this year and its flagship conglomerate Dubai World will sign a final agreement on its $25 billion debt restructuring next week, a top official said on Wednesday. Sheikh Ahmed bin Saeed al-Ma More… |
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Dar Al-Arkan seen selling assets to cover debtDar Al-Arkan, Saudi Arabia's largest property developer, said on Monday that it will not need to return to the debt markets to help repay a $1 billion sukuk maturing in 2012 but does not rule out having to make some asset sales. Analys More… |
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Dubai World plans $19.4bn asset salesDubai World believes it can raise as much as $19.4 billion from selling key assets over eight years, or almost double the current price, if creditors back its restructuring, a document obtained by Reuters showed. The struggling state-owned More… |
