ADQ is fully owned by the Abu Dhabi government, which holds more than 90 per cent of the United Arab Emirates’ oil reserves
The country’s external debt fell to $154 billion as of the end of May from $168bn at the end of December
The platform could help Saudi Arabia with its vast Vision 2030 plan
India, Argentina, China, Russia, Malaysia and South Africa registered the largest increases, signalling potential growing challenges in debt repayments
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HSBC Saudi Arabia, Al Rajhi Capital, SNB Capital, and AlJazira Capital have been appointed as joint lead managers to lead the transaction
The non-performing debt relief fund has announced that 17 banks and financial institutions have waived the obligations
The OPEC member recorded the highest non-oil revenue in seven years, up 38.5 per cent to KD2.4bn
Rashid Ali bin Obood Al-Falasi has been appointed as the chief executive officer of the debt management office
No final decision has been made
Crude has surged around 14 per cent this year to more than $85 a barrel
Euro-denominated outstanding debt is currently around 2 per cent of the kingdom’s overall portfolio
Governments can use sovereign asset liability management as a financial tool to manage public sector balance sheet risks
The fund raised its economic growth projection for MENA to 4.1 per cent this year from an earlier estimate of 4 per cent
The initiative follows years of political tensions that have stymied efforts to diversify the country’s economy and promote foreign investment
Tabby has raised more than $30m in funding from local and global investors
The port operator is working with advisers to gauge interest in the sprawling industrial park
The firm is raising cash to help finance its plans to pay out $75bn in dividends
Oman successfully tapped the international debt market in January, raising $3.25bn
The money would go toward supporting companies in sectors considered a priority for the economy
The firm is raising cash to help fund its commitment to pay out $75bn in dividends
The nation last tapped the international debt market in January
Etihad accepted a 79 per cent haircut on $72.3m of debt owed by Air Seychelles Ltd
The kingdom is planning a two-part, benchmark-sized deal with a three-year and nine-year offering
The order was secured by NMC’s biggest creditor, Abu Dhabi Commercial Bank
The price of Brent crude is still below what most of the region’s economies need to balance their budgets
The move was implemented as per the directives of the UAE President Sheikh Khalifa bin Zayed Al Nahyan
Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, also ordered the release of 49 prisoners
The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday
The world’s largest crude exporter is relying on more borrowing as it grapples with the impact of the twin economic shocks caused by oil market turmoil and the coronavirus pandemic