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Dubai water pipeline work to be completed in OctoberDubai Electricity and Water Authority (Dewa) said it has made significant progress on its pipeline projects running 25 km across various parts of the emirate. The project involves the extension of glass-reinforced epoxy (GRE) main More… |
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Govt firms ‘better placed to resist low oil prices’Large GREs in the GCC are better positioned to withstand low oil prices, said S&P Global Ratings in a report, adding that the governments are on a path to addressing the fiscal deficits through various forms of expenditure reform. More… |
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GRE offers computer-delivered tests in Iran, MoroccoThe GRE Program has opened new test centers that will offer the computer-delivered GRE revised General Test in Iran and Morocco. This comes in response to the growing number of individuals in Iran and Morocco who are considering g More… |
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New UAE bank exposure rules in 1-2 monthsThe United Arab Emirates central bank is expected to announce within one or two months rules restricting the amount of exposure which banks can have to the debt of government-related entities (GREs), a top commer More… |
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UAE banks' lending to govt 'tops $42 billion'United Arab Emirates banks' exposure to government-related entities is at its highest level as a percentage of capital since the 1970s, and there is little chance of authorities enforcing strict exposure limi More… |
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IMF warns Dubai on debt, surging property pricesThe International Monetary Fund has warned Dubai that the emirate might need to intervene in its property market to prevent another boom-and-bust cycle of the kind which brought it close to default four years ago. Over-inflated Du More… |
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UAE govt firms' debt refinancing 'a challenge'Refinancing the debts of the UAE's government-related entities (GREs) remains a challenge made more difficult as European banks trim their activities in the region, the International Monetary Fund said on Sunday. State-owned companies in t More… |
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Dubai 'can manage $14bn debt maturing in 2012'Dubai's government-related entities (GREs) can pay down or refinance nearly $14 billon in debt maturing next year with relative ease, a report by investment bank J P Morgan said on Thursday. The emirate's capital market risk is limited pri More… |
