Indonesian Construction Companies Bear Heavy Debts
The debt of Indonesia’s top 4 construction companies skyrockets by 1,200% to $8.6 bn since the incumbent president assumed his office.
China Likely to Offer ¥160 Bn to Major Developers
According to the plan, the People’s Bank of China is set to inject ¥80 bn worth of loans at 1.75% interest.
Egypt’s Remco Aims to Secure EGP 3.3 bn Co-Financing
EGX-listed Remco for Tourism Villages Construction has joined forces with its subsidiaries and sister companies to secure EGP 3.3 bn worth of long-term co-financing.
ODE Sells Stakes in Makadi to Reduce Debt Balance
Orascom Development Egypt (ODE) has finalized the sale of its stakes in two hotels and a land plot in its Makadi destination on the Red Sea coast, attempting to reduce its debt balance
Egypt Attracts USD 9.8 bn in Foreign Investment in Debt Instruments in FY2016/17
Egypt attracted an almost nine-fold increase in foreign investment in domestic debt instruments in FY2016-17, Reuters reports.
Dubai’s Drake & Scull to Put Aside USD 272 mn for Debt Payments
Dubai-based contractor Drake & Scull International (DSI) is expecting to have nearly AED 1 bn (USD 272 mn) of cash flow available over the next four years to partly repay its debt, Reuters reports.
Abraj Misr Makes EGP 220 Debt Repayment
Abraj Misr, an Egypt-based real estate developer, paid EGP 220 million for the land purchase to Export Development Bank of Egypt.
Dubai’s Limitless Pays AED 2B Debt
Limitless, a UAE-based real estate developer, makes a debt payment of AED 2.07 billion ($563 million) to banks and trade creditors after reaching a restructuring agreement.Page 1 of 1
