Tuesday, June 19, 2018
Tags Debt

Debt

Global Debt at Record Heights

Global debt hit a new record high of $164 trillion in 2016, the equivalent of 225 percent of global GDP. Both private and public...

UAE banks agree on “mini insolvency law” to help struggling SMEs

UAE banks have agreed to halt criminal prosecutions for bounced cheques drawn by small to medium-sized business customers under a “rescue initiative" launched by...

73 percent of UAE residents admit they have debt with UAE...

73 percent of UAE residents surveyed by compareit4me group admitted to having some kind of debt with UAE banks, with credit cards topping the...

Debt Reduction – A Relief for Some, Business for Others

More and more people live in debt, and the scary part of it is that their burden is gets bigger and bigger by the...

We Are All Big Debtors! $27,640 per Person

Global debt levels have reached new heights. A report by McKinsey Global Institute has estimated that the world’s debt now amounts to a total...

Paying off your debts in UAE

Everybody has financial struggles at some point in their lives. But they can soon spin out of control if you don’t learn to manage...

Staying in debt or stay alive

The truth is that debts are like heavy burdens on people, and when they carry an excess of debt burden they won't move forward...

President orders settlement of citizen’s loans worth over Dhs2 billions

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has ordered settlement of defaulting personal loans of 6, 830 citizens, worth about Dhs2 billion.

Fund Manager Survey finds Sovereign Debt Fears easing as Investors anticipate...

Global investors appear to be coming to terms with the prospect of a default by the Greek government, according to the BofA Merrill Lynch...

UAE business activity hits 15-month low in August

Growth of the business activity in the private sector in UAE slowed to a 15-month low in August, according to the HSBC UAE Purchasing...

IMF warns UAE on risk from debt-laden entities

While the economic recovery in the United Arab Emirates is gaining strength, the International Monetary Fund Monday warned about the risk posed by debt-laden...

Cash-strapped residents get free debt advise in Dubai

ISDM, the Dubai-based credit counseling and debt management company is set to hold its first free, public open house counseling event where participants can...

Middle East investment banking industry sees big decline in Q1

The Middle East saw a big decline in merger and acquisition and equity issuance in the first quarter of the year according to the...

Dubai real estate sector latest developments and their impact

The real estate market in Dubai witnessed mixed performance in 3Q 2010, popular developments with proper amenities and infrastructure fared better than others. The...

Dubai World’s approval from creditors to change terms of debt to...

According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...

Dubai World expects to complete the restructuring over the coming months

Dubai World (the “Company”) announces that it held a meeting in Dubai today with its creditor banks to present formally the proposed...

Europe debt crisis drives gold price to new high ‎

Risk-averse investors have streamed into gold, sending prices for the precious metal to a record dollar high, on persistent fears that the...

Is Dubai World the Only Problem in Town?

Last week Dubai World announced that it was creeping closer to a deal with its creditors. Welcome news not only for investors,...

Dubai International Capital Asks for Debt Extension

Investment firm Dubai International Capital, along with a committee of banks, requested a three-month debt extension Thursday till September 30th, though the debt size...

Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee

Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing...

Creditors to Dubai World have accepted an offer from the conglomerate,...

Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...

“Depending on how debt is managed in Dubai, foreigners will decide...

Growth in the Gulf Cooperation Council states is expected to rise to 4.4 percent in 2010 and 4.7 percent in 2011, the Washington-based Institute...

Nakheel to Pay $8.2 Billion to Creditors in June

Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, according Al Ittihad newspaper.

Assets Change Hands

Meydan on Thursday signed a memorandum of understanding under which it sold three commercial buildings located in Meydan Metropolis Phase 1 to Emirates NBD, reported Gulf...