Articles

  • 1 week ago | news.bloomberglaw.com | Dana Khraiche |Joumanna Bercetche

    Lebanese depositors will get their money back over time as part of any financial overhaul, with the state, central bank and local banks sharing the burden of repairing the crisis-stricken economy, Economy Minister Amer Bisat said. The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the International Monetary Fund and help the country emerge from one of the world’s worst financial crises.

  • 1 week ago | bloomberg.com | Dana Khraiche |Joumanna Bercetche

    (Bloomberg) -- Lebanese depositors will get their money back over time as part of any financial overhaul, with the state, central bank and local banks sharing the burden of repairing the crisis-stricken economy, Economy Minister Amer Bisat said. The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the International Monetary Fund and help the country emerge from one of the world’s worst financial crises.

  • 1 week ago | news.bloombergtax.com | Dana Khraiche |Joumanna Bercetche

    Lebanese depositors will get their money back over time as part of any financial overhaul, with the state, central bank and local banks sharing the burden of repairing the crisis-stricken economy, Economy Minister Amer Bisat said. The commitment to depositors is part of an attempt to break a stalemate on reforms, which are needed to unlock fresh funds from the International Monetary Fund and help the country emerge from one of the world’s worst financial crises.

  • 2 months ago | news.bloombergtax.com | Anthony Di Paola |Joumanna Bercetche

    Adnoc Drilling Co. plans to tap banks for about $1 billion in financing this year so the unit of the United Arab Emirates’ biggest oil producer can roll over expiring borrowings, and fund investment and dividends, Chief Financial Officer Youssef Salem said. “We expect to be refinancing and up-sizing to fund our growth,” Salem said in an interview with Bloomberg Television. The company has roughly $750 million in debt maturing in the fourth quarter, he said later during a press briefing.

  • 2 months ago | news.bloomberglaw.com | Anthony Di Paola |Joumanna Bercetche

    Adnoc Drilling Co. plans to tap banks for about $1 billion in financing this year so the unit of the United Arab Emirates’ biggest oil producer can roll over expiring borrowings, and fund investment and dividends, Chief Financial Officer Youssef Salem said. “We expect to be refinancing and up-sizing to fund our growth,” Salem said in an interview with Bloomberg Television. The company has roughly $750 million in debt maturing in the fourth quarter, he said later during a press briefing.

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Joumanna Nasr Bercetche
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