Library

Displaying: Middle East & North Africa
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.

Load more