debt
An increased break-even price of oil for Bahrain has prompted a major credit rating agency to downgrade the country’s credit rating. ...
The announcement that Dubai World will be prepared to sell its “prized assets” to pay off its debt indicates the government-owned entity has been unable to secure support from Abu Dhabi....
New Slovak Prime Minister Iveta Radičová met August 25 with German Chancellor Angela Merkel in Berlin to discuss – among other things – the Slovak Parliament’s decision to withhold its €800 million co...
A survey has revealed over 85% of UAE residents have personal debts of over US $135,000 each....
Discoveries of gas in various Yemen governorates will help the country generate more income as its oil resources, the main source of income, rapidly dwindle....
Although Hungary currently has no urgent need for outside financing, the IMF loan served as a safety net should the country find itself in a tight spot....
Nakheel has presented an offer to creditors to restructure the debt. This is seen as a cautiously positive move....
The UAE and Dubai economies appear to be decoupled. The UAE is projecting growth of up to 4% next year, while Dubai continues to slump. Further contraction in Dubai is expected this year....
Hungary’s 2010 Political Risk Index (PRI) score is 66 points – the first year the country’s political risk has declined since the index began in 2005....
Dubai International Group, part of Dubai Holding, has announced it plans to ask for a standstill on payments on loans that are due in June....
Hostility toward international financial institutions skyrocketed in Greece after its government agreed to austerity measures in return for economic assistance from the IMF and the EU....
Rejection of the citizens’ bailout bill by the government is another area of a looming confrontation between the government and parliament....
Bulgaria’s hopes for joining the Eurozone may be dashed after officials discovered a "hidden deficit" of BGN 2.12 billion that stems from public-works contracts that the previous government signed....
The economic situation in Romania could well be worse than the government makes it out to be....
The collapse of talks between Kuwait banks and the troubled Saudi Saad and Algosaibi group will likely lead to court action, increasing the possibility of dragging major institutions across the GCC....
Dubai government appears to have solved an immediate debt repayment issue as it effectively takes control of some Dubai World entities....
The eminent liquidation of the Blue City project represents the failure of the country’s flagship and first venture into master-plan developments....
The UAE ministry of labour has stopped 800 of the country’s large companies from hiring staff. This came as a result of the ministry’s efforts to address non-payment of wages to staff....
Hungary, which was close to bankruptcy at the end of 2008, made brutal spending cuts. The Greek government meanwhile responded to the crisis with lavishly spending money that it did not have....
Fidesz continues to dominate the polls, regardless of accusations that it does not have a program. The Socialists are pushing a more populist tone in order to mobilize their traditional voters....
