Leading News Source For Middle East
The Sultanate of Oman is in talks with regional banks to refinance a $2.2 billion loan it took out early last year, seeking to increase its size to between $3 billion and $4 billion, Market Screener reports citing two sources Read more
Tunisia’s national carrier, TunisAir has reached a deal with TAV Airports to pay its debt to the Turkish airport operator, reports say. The airline in a statement said both sides held a meeting on Tuesday and discussed several matters related Read more
The World Bank (WB) has granted Egypt a $1.15-billion loan, the third of the three annual loans signed up for by the North African country in its drive to conduct economic reforms. Egypt has signed up with the World Bank Read more
Turkey’s economic minister, Zafer Ça?layan, arrived with a delegation in Libya to discuss financial affairs with the Libyan government amongst which is the debt between them. Majority of those in the delegation which arrived on Monday are businessmen. A closed Read more
When the state-linked entity DUBAI WORLD had such enormous debts in 2009, that almost ruined the Emirates, a restructuring deal was made in June 2010. The agreement planned a repayment scheme in 3 years time that was scheduled to start Read more