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SUKUK DEFAULT
GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hubIndian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...- As Male faces stress, India weighs currency swap extensionIndia is reviewing the Maldives' plea for an extended currency swap facility. The island nation faces significant economic strain, compound...
- Maldives’ tourism-driven economy stares at crisis amid West Asia warThe Maldives economy faces a crisis due to West Asia disruptions. Tourist arrivals are down, impacting revenue. Significant debt repayments...
- Maldives may be heading for debt default akin to Sri LankaMaldives faces potential debt default similar to Sri Lanka, with critical foreign reserves depletion and a substantial debt burden. The gov...
- China's lending practices push Maldives toward sovereign defaultThe Maldives faces a severe debt crisis, exacerbated by external debts and unfavorable trade terms with China. With dwindling foreign reser...
- Maldives' Muizzu rushes to mend ties with India as China debt squeeze loomsMaldives President Mohamed Muizzu, who pushed for an 'India Out' campaign, now seeks financial aid from India. He is visiting New Delhi to ...
- Maldives comes back to India, after rubbing shoulders with the DragonMaldives President Mohamed Muizzu, a pro-China leader is on his first bilateral visit to India since taking office, seeking to repair relat...
- India extends emergency support to Maldives as it battles debt default threatIndia has extended emergency financial support to the Maldives by subscribing to its $50 million treasury bill. This move follows a ratings...
- India ready to give Maldives aid as sukuk default risk loomsIndia is prepared to offer the Maldives emergency financial support to address its financial challenges, including a potential sukuk defaul...
- Pakistan averts default; pays USD 1 billion Sukuk bond before scheduleThe country's foreign exchange reserves have depleted to a critically low level of USD 7.5 billion at present due to the repayment of matur...
- Pakistan's default risk spikes; CDS index spikes 4.2%Pakistans risk of default, measured through the five-year currency default swap (CDS) index, spiked 4.2 percentage points to a new high at ...
- Pakistan says it will not seek Paris Club debt restructuringFinance Minister Ishaq Dar made the statement at a press conference days after rating agency Moody's last week downgraded Pakistan's credit...
- China to provide USD 2.5 billion loan to Pakistan to boost foreign cash reservesPakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt.
- Surviving Eurozone crisis will boost Asia's chances of debt upgradeAsian economies are withstanding Europe's debt crisis so well that some investors are positioning for creditrating upgrades in the region.
- Dubai World in deal to rejig $23.5-bn debtDubai World, the state-owned holding company, reached an agreement with creditors to restructure $23.5 billion of liabilities as it seeks t...
- Abu Dhabi gives $10 bn to Dubai WorldDubai World will use the money to cover debt of real estate unit Nakheel. The rest of the money will cover Dubai World’s interest and opera...
- Surviving Dubai's 25/11 financial crisisLenders to Dubai know they have no choice but to accept whatever UAE doles out. The Emirates are betting on the short memory that financial...
- Emirates boss says Dubai business world in shock: ReportThe president of Emirates Airlines said the Dubai business community was "shocked" by the debt crisis which has struck the city state, acco...
- S&P's lowers ratings on Pak currency debtsStandard & Poor's has reduced the rating on Pakistan's senior unsecured local currency debt to 'CCC+' from 'B-', and that of the foreign cu...
- 'All Arabs will prefer Islamic banking'According to Mr Hassan, Islamic financing is the most equitable form of financing since it enables the creation of wealth without fuelling ...
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