Search

Sort by:

Search results:

UAE sets aside $420 million to cover personal debts

Committee of the Nationals’ Defaulted Debts Settlement Fund to support UAE nationals who are in debt, WAM ... of the Nationals’ Defaulted Debts Settlement Fund to support UAE nationals who are in debt, WAM said.  ... set aside $410 million to cover defaulted debts owed by Emiratis, state news agency (WAM) reported ...

05/12/2012 - 03:01 - comment 0

UAE: More locals given 'get out of jail free' cards

with the Debt Settlement Fund for UAE nationals The agreements endorse mechanisms for settling defaulted ... Representing Nationals' Defaulted Debts Settlement Fund, the Under Secretary of the Ministry ... bin zayed alnahyan ordered the higher committee the nationals defaulted debts settlement fund support ...

13/11/2012 - 03:01 - comment 0

The approaching avalanche? How a US debt default can hit the GCC hard

is a major holder of US government bonds, could be heavily impacted in case of a debt default. If a default ... of short-term funds for banks, widely uses treasury securities as collateral. Treasury default has the potential ... is not overly concerned about a potential debt default since the US government has previously managed to resolve ...

10/10/2013 - 17:45 - comment 0

Stocks fall following Dubai World’s debt default

debt and the government would not pick up World stock markets took a hit ... suspend payments on its debt and the government would not pick up the tab.   International banking ... that Dubai five-year credit default swaps have been quoted as high as 500-550 basis points, costing nearly ...

14/08/2010 - 17:22 - comment 0

Getting their priorities straight: Emirati households spending more on phones, cars than education

for the settlement of defaulting personal loans of citizens came to alleviate the heavy burden on citizens. Accordingly, the Nationals’ Defaulted Debts Settlement Fund announced all beneficiaries who met the conditions of the fund for debt settlement to contact banks to complete debt settlement procedures. The fund ...

18/04/2014 - 07:26 - comment 0

New priorities? Abu Dhabi families spend more on phones than on education, survey says

for the settlement of defaulting personal loans of citizens came to alleviate the heavy burden on citizens. Accordingly, the Nationals’ Defaulted Debts Settlement Fund announced all beneficiaries who met the conditions of the fund for debt settlement to contact banks to complete debt settlement procedures. The fund ...

17/04/2014 - 15:12 - comment 0

Global corporate default rate rises to 9.71% In October 2009, article says

levels not seen since prior recessions. Through Nov. 11, 2009, 243 issuers defaulted, affecting debt worth $573.00 billion. By comparison, 126 defaults were recorded in all of 2008, affecting debt worth ... expectations for corporate default rates within the one-year forecast horizon. The sharp decline in funding ...

16/05/2010 - 16:21 - comment 0

Gulf economies to grow 4%: Arab Monetary Fund

Negotiations aimed at raising the U.S. debt limit and avoiding default fell apart on Thursday as Republicans ... be reached by August 2 to avoid a potential default on the country’s $14.3 trillion debt.  “Ratings ... turbulence, the Arab Monetary Fund said on Sunday. Gulf economies will grow ...

28/06/2011 - 12:37 - comment 0

With the conflict escalating, where do Iraqi bondholders stand?

emerging debt fund manager at ING Investment Management in The Hague. "We still do not think rebels ... to insure against debt restructuring or default, are trading at multi-month highs above 400 basis points, ... be accompanied by a default event on external debt." Two-way trade But not everyone is so ...

22/06/2014 - 04:00 - comment 0

Lebanon's banks still want Syrian money

because they are keen on not letting the state default in the payment of its debt. “Banks are carrying ... market once a political settlement is reached in the war torn country, the Secretary-General ... benefits from the Syrian market once a political settlement is reached in the war torn country, ...

16/12/2012 - 03:00 - comment 0