Dubai to Pay 1% on $20 Billion Owed to Abu Dhabi, Regulator

Dubai, the Persian Gulf emirate whose near default in 2009 roiled global markets, signed an agreement with Abu Dhabi and the United Arab Emirates’ central bank to roll over $20 billion of debt for five years.

US facing 'prolonged' economic uncertainty, says former Indian envoy

MUMBAI: Maintaining that there is a "prolonged" economic uncertainty in the US despite billions of dollars pumped in the world's largest economy, a former Ambassador to America today said India was able to come out of the downturn in spite of a much smaller stimulus package.

Drake & Scull to Bid for Abu Dhabi Louvre as Projects Resume

Drake & Scull International PJSC (DSI), a Dubai-based construction company, plans to bid for construction work on the Louvre museum in Abu Dhabi as the Persian Gulf emirate resumes work on suspended projects.

China may help fund Greek bond buybacks-finmin source

ATHENS, July 29 (Reuters) - China could provide loans to Greece to fund government bond buybacks in the secondary market to help cut the country's debt burden, a Greek finance ministry official said on Friday, but analysts were sceptical.

While talks with private creditors on a debt swap continue for a second day, analysts said more money to fund bond buybacks could help Greece shrink its debt mountain but questioned whether China would lend more cheaply than the euro zone.