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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 - 04:01 - 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 - 04:01 - 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 - 08:26 - 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 - 16:12 - 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 - 18:45 - comment 0

Has Sisi already won over investors?

funding needs. While Egyptian bonds have gained and the cost of protecting against default has fallen, ... creditworthiness. The cost of insuring the nation’s debt fell to the lowest since July 2011 this month, according ... debt fell to the lowest since July 2011 this month, according to data provider CMA. It was at 348 basis ...

28/05/2014 - 06:55 - comment 0

It's not all glamour: Dubai to roll over maturing $10 billion debt it still owes from crisis days

in coming years. According to the International Monetary Fund , about $78 billion of debt held ... According to the International Monetary Fund, about $78 billion of debt held by Dubai and its state-linked entities will come due between 2014 and 2017. ...

20/02/2014 - 18:05 - comment 0

UAE leader orders partial settling of US$540 million worth of debt

to low-income Emiratis. This fund will be responsible for examining bank statements regarding the debts before ... of the debtor's wages. The High Committee for the fund originally proposed the settlement plan to Sheikh ... © 2012 Al Bawaba ( www.albawaba.com ) (clearing uae nationals debt ...

26/01/2012 - 09:54 - 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 - 13:37 - comment 0

Bahrain property owners denied title deeds

in Bahrain are being denied title deeds after the company behind the project defaulted on a loan. ... to their properties because the company behind the development defaulted on a loan from a bank, a report said.Titles ... added the report in our sister newspaper, the Gulf Daily News (GDN).Riffa Views defaulted on the loan ...

27/01/2013 - 12:14 - comment 0