Employees stand outside the Al-Maktoum International Airport in Dubai (file). The emirate aims to spend $35.7bn to develop Al Maktoum, its second airport and logistics hub, and is likely to rely on debt for much of the financing, people.
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Kochi: A Dubai-based bank has approached Indian investigative agencies to initiate legal proceedings against Indian citizens who have taken loans worth crores of rupees and fled the UAE. About 40 of these people are from Kerala and.
DUBAI — The mother of a U.S. schoolteacher says her son has been arrested while transiting through the United Arab Emirates after someone fraudulently used his name to take out nearly $90,000 in loans in the Gulf Arab country.
The administration will try to urge Qatar and the UAE to phase out their subsidies and use commercial financing terms when they grant loans to their own airlines,
Drowning in debt, Dubai has received a financial lifeline to refinance $20 billion of its government debt owed the United Arab Emirates and its capital, Abi Dhabi. The emergency loan that comes due this year was issued during the 2009.
Feb 11, 2009 · As layoffs hit Dubai’s foreign workers, their departure is making parts of the city look like a ghost town.
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Bankers Prepare To Send Nearly Rs 1.8 Lakh Crore In Loans To NCLT In Charts. B financing included AMC Entertainment Holdings Inc., Viacom Inc.’s Nickelodeon, Dubai billionaire Majid Al Futtaim, VRSense Solutions Ltd.
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DUBAI, Dec 4 (Reuters) – GEMS Education, an international private education provider based in Dubai, has secured a $1.25 billion loan to refinance existing borrowings and to support future growth, it said on Monday. The company,
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DUBAI, Oct 19 (Reuters) – GEMS Education, an international private education provider headquartered in Dubai, has hired four banks to underwrite a $1.2 billion loan that will be used to refinance some of its existing debt, sources familiar.
In 2012, the Dubai-based private equity fund Abraaj acquired a majority stake in Ghana Home Loans, now GHL Bank. The bank currently employs about 160.
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DUBAI, July 27 (Reuters) – The quality of real estate loans in the United Arab Emirates has continued to improve despite sliding home prices, the International Monetary Fund said, in a sign that the UAE is coping better with a real estate.
The Central Bank has finally issued unified forms for all types of bank loans, ending years of controversy over such contracts and persistent complaints by borrowers, a Dubai-based newspaper said on Wednesday. The three key forms.
LONDON: Problem loans in the UAE’s banking sector are set to rise by the end of 2018, ratings agency Moody’s Investors Service warned, blaming “sluggish” economic growth seen this year. The agency has forecast that non.
A number of banks in the United Arab Emirates are in talks with international counterparts to sell down their Qatar exposure as the Gulf’s diplomatic crisis drags on without resolution. In recent weeks, banking sources say, it has.