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Displaying: Middle East & North Africa
logo Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

The Kingdom  of Bahrain enacted a new bankruptcy law in December 2018, sweeping away its previous legislation and replacing it with a thoroughly modern toolkit. The law is a revolutionary improvement compared to what existed before, said lawyers polled by Debtwire.

logo Alexander Dooler Credit Markets Reporter, Debtwire

The Emirate of Dubai’s squeezed real estate market is dragging on the wider economy and has prompted fears there may be spill-over effects felt in related industries such as contracting and hospitality. But market participants polled by Debtwire voiced mixed views about the sector’s prospects in the coming years.

With few signs that a financial fix for Turkey’s debt-laden energy sector – proposed by the government earlier this year – is any closer to materialising, concern is mounting that not enough is being done to achieve an urgently needed operational turnaround in the industry, several market participants told Debtwire.

logo Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

The 2009 financial crisis may have been global, but its effects in each country had a distinctly local flavour. None more so, perhaps, than the United Arab  Emirates, where a highly mobile population of expats faced potential jail time over bounced cheques or defaults on loans.

logo Laura Gardner Cuesta Senior Reporter, Debtwire CEEMEA

This week’s collapse in oil prices has sent shockwaves across the GCC credit space, said two UAE-based asset managers and a London-based banker. Both WTI and Brent crude hit a three-year low on Tuesday (13 November), and although prices had stabilised by Thursday, a negative mood has set in, they said.

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