Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai World to repay USD4.4 b loan in 2015  Join our daily free Newsletter

MENAFN - 01/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Dubai World, the conglomerate at the center of the emirate"s debt crisis, plans to make its first big repayment in 2015, according to Arab News



Dubai World will repay the USD4.4 billion loan in May 2015, as scheduled, while other repayments will be paid early



Mohammed Al-Shaibani, CEO of sovereign wealth funInvestment Corp. of Dubai, said: "Around 280 million has already been paid ahead of maturity, and we will continue to do so.




Dubai World faced obstacles during the emirate"s 2009 property market collapse and had to restructure USD25 billion of debt, of which about USD14.4 billion was owed to around 90 local and foreign banks

 


MENAFN




  MENA News Headlines
 Feb 27 2017 - Egypt- Coptic families' outflow from Al-Arish heading to Ismailia is still ongoing: residentsDaily News Egypt
(MENAFN - Daily News Egypt) For the third consecutive day, the outflow of Coptic families deciding to flee their residences located in the North Sinai city of Al-Arish to the governorate of ...

 Feb 27 2017 - Dina Farms registered sales of EGP 570m in 2016Daily News Egypt
(MENAFN - Daily News Egypt) Qalaa Holdings' Dina Farms aims to achieve 38% growth in sales to reach EGP 790m in 2017, up from EGP 570m in 2016. Managing director of the company, Raouf Tawfik, ...

 Feb 27 2017 - Egypt- Kernile to inaugurate new peanuts production line this month: executive managementDaily News Egypt
(MENAFN - Daily News Egypt) Kernile Ltd. plans to boost its production capacity to 30,000 tonnes of peanuts a year after the new expansions carried out recently. Director of the company's ...

 Feb 27 2017 - Gulfood celebrates 30-year anniversary with new categorisationDaily News Egypt
(MENAFN - Daily News Egypt) The Gulfood Exhibition is preparing to mark its biggest change in categorisation in its 30 years since its establishment. The exhibition launched on Sunday and will ...

 Feb 27 2017 - Egypt- 20% expected increase in exports of El-Horreya 2000 in 2017Daily News Egypt
(MENAFN - Daily News Egypt) El-Horreya 2000 for Food Industries aims to increase its exports by 20% in 2017. The company's managing director, Hassan Fendi, said that the company is planning to ...

 Feb 27 2017 - Egypt- Rolin studies developing a housing project in SharabeyaDaily News Egypt
(MENAFN - Daily News Egypt) The General Construction Company (Rolin), a subsidiary of the Holding Company for Construction and Development (HCCD), is now studying to develop a land it owns in the ...

 Feb 27 2017 - Egypt- Mahmoud Mokhtar Museum hosts "A Story of Her" Exhibition in MarchDaily News Egypt
(MENAFN - Daily News Egypt) In the presence of professor Khaled Sorour, head of the Fine Arts sector in Egypt, Mahmoud Mokhtar Museum hosts the "A Story of Her" exhibition of the leading ...

 Feb 27 2017 - Egypt- Japanese Film Week revives Japan's 'taste of life'Daily News Egypt
(MENAFN - Daily News Egypt) Slovenian philosopher Slavoj Žižek said, "Cinema is the ultimate pervert art. It doesn't give you what you desire—it tells you how to desire.' Believing in that ...

 Feb 27 2017 - Egypt- Controversial preacher sentenced to 5 years for insulting IslamDaily News Egypt
(MENAFN - Daily News Egypt) On Sunday the Shubra El-Kheima Misdemeanours Court sentenced Muslim preacher Mohamed Abdullah, known as 'Sheikh Mizo' to five years in prison on charges of contempt of ...

 Feb 27 2017 - Egypt- Al-Sisi, Al-Tayeb review Al-Azhar's latest effort on renewing religious discourseDaily News Egypt
(MENAFN - Daily News Egypt) President Abdel Fattah Al-Sisi received the Grand Imam of Al-Azhar, Ahmed Al-Tayeb, in a meeting on Sunday, in which Al-Tayeb reviewed recent efforts for renewing ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help