Dubai World made a final payment of $8.2 billion to creditors two years ahead of schedule, completing a debt restructuring that weighed on the emirate for almost a decade.The government-owned …
Dubai World ends historic restructuring with final payment
Dubai World has made a final $8.2bn payment to creditors, ending the most complicated and highest-profile restructuring to stem from the debt crisis that almost overwhelmed the Gulf emirate a decade …
UPDATE 1-Dubai’s economy shrank by 3.5% y/y in Q1 amid coronavirus crisis
Dubai’s real gross domestic product shrank by 3.5% year-on-year in the first quarter, the government’s media office said in a statement on Tuesday, as the Middle East’s business and tourism hub feels …
Strong response to Covid-19 softens economic impact of global crisis on Dubai
Key sectors of the Dubai economy continued to maintain their dynamism in the first quarter. Real estate, finance, manufacturing and the government sector retained their growth momentum in first …
Dubai World pays off $8.2b of debt two years ahead of schedule
Dubai World said on Tuesday it made the final repayment of $8.2 billion to creditors more than two years ahead of the due date using funds from asset sales, dividend payments and the delisting of port …
WB provides $100mln top-up support to Jordan’s education sector reforms
The World Bank approved on Tuesday a $100 million project to support the Jordanian government’s efforts in addressing education challenges resulting from the COVID-19 pandemic and expanding access to …
Trouble for KP Sharma Oli: Ruling Nepal Communist Party leaders demand PM’s resignation
Nepal Prime Minister Oli was facing strong criticism from his own colleagues for the government’s non-performance and lack of coordination between the party and the government.
Pompeo to UN: Ending Iran embargo would risk Mideast stability
“Iran will hold a sword of Damocles over the economic stability … Trump administration’s withdrawal from the Non-Proliferation Treaty has created intense financial pressure on Tehran that has led to …
Vietnam’s export story is strikingly similar to China’s
Vietnam has been a major success story on the exports front over the last decade. Its exports between 2008 and 2018 have increased at a very fast pace from $69.7 billion to $259.5 billion. Can Vietnam …
More Proof: Intel Analysts Intercepted Electronic Data Showing Financial Transfers From Russian Military to Taliban
President Donald Trump is calling it a hoax but day after day more data points of proof appear, showing that Russia, as many news outlets have reported, paid the Taliban to kill U.S. soldiers. The …