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Fifth Annual Failaka Islamic Fund Awards
In one of the most difficult years for fund managers, in terms of raising new monies, Saudi Arabian finance houses dominated the fifth annual Failaka Islamic Fund Awards recognizing the best performers in 2009 among the 555 worldwide Shariah-compliant funds.... more |
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Dubai's Debt Offer is Good First Step, Algebra Capital Says
Proposal needs approval by banks.
More Dubai corporations in need of restructuring.
Time frame for restructuring to take months.
Abu Dhabi to pay most for transaction.... more |
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Inside Business on City TV.
Presenter Katie Jensen speaks with Mr Mohieddine Kronfol, the Managing Director for Algebra Capital Limited, about Abu Dhabi's $10 billion pledge to Dubai. ... more |
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Kronfol Says Dubai Bailout Allows Orderly Restructuring
Dec. 14 (Bloomberg) -- Mohieddine Kronfol, managing director at Algebra Capital Ltd., talks with Bloomberg's Francine Lacqua about Abu Dhabi's decision to provide $10 billion to help Dubai World meet its obligations. The sum includes $4.1 billion needed to repay an Islamic bond maturing today for the real-estate unit Nakheel PJSC. Dubai will use the rest of the money to pay Dubai World’s contractors, suppliers, interest and operating costs until the company reaches a standstill
agreement with its creditors, Dubai's government said.
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Kronfol Sees Increasing Competition for Capital in Dubai: Video
Mohieddine Kronfol, managing director at Algebra Capital Ltd., talks with Bloomberg's Chris Burns about the impact of Dubai's debt crisis on its capital markets. Dubais credit risk fell the most in nine months after state-controlled Dubai World began talks on restructuring less than half its total liabilities and said the rest of its obligations are on a stable financial footing. Kronfol speaks in Dubai... more |
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