gcc economies

Debtors Shall Not Go to Jail, Unless…

UAE’s new Federal bankruptcy law to benefit debtors, creditors and the economy. BY H.E. Obaid Al Tayer Mature economies have proven the need to implement a modern bankruptcy law in each country that wishes to strengthen its economic status. The aim behind the federal bankruptcy law is to attract capital in a safe and attractive

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Kuwait’s KNPC Says in Talks For $6.4 Bln in Loans for Clean Fuels Project

DUBAI, May 29 – Kuwait National Petroleum Company (KNPC) is in final stages of talks with international institutions for $6.4 billion in the second tranche of loans to finance its multi-billion dollar Clean Fuels project, state news agency KUNA reported on Sunday. The first portion, signed on April 28, was worth 1.2 billion dinars ($3.97

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