UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis.
Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
UAE. The exclusive event will convene star portfolio managers, institutional investors and economists to debate macro trends, regional market developments and alternative investment opportunities for the year ahead.
INTERNATIONAL. Unexpected developments can catch the herd wrong-footed and spark major movements when the masses scatter at the same time. When that occurs, those who resisted the herd may find themselves rewarded. We believe that we are approaching such a point.
INTERNATIONAL. In an open letter, EDHEC-Risk Institute has expressed its concern about the new draft text which is being proposed for a vote on March 9, which plans to remove all obligations of transparency from the initial project for regulation of indices used as benchmarks.