Finance
Moves to slash personal debt in Gulf state stymied by loan charges, refusals to restructure debt
Banks push mortgage deals for defaulting homeowners over auction sales of properties
Rental incomes, property completion help to spur 13.4% increase in quarterly profit
Real estate giant which laid off 90 staff in April says it made $229m net profit to Sept
State-backed investment may lure other buyers, funds off the sidelines, say analysts
State-backed developer had expected to collect $474m on handovers by year-end
Move hints Abu Dhabi is further taking up the reins of the indebted developer
Ratings agency says UAE real estate giant has 'materially improved liquidity profile'
Gulf state sees drop in number and value of refused cheques, says central bank
Dubai-based developer has repayments worth $1.8bn coming up between H2 2011 and next year
State-backed investment schemes doing little to open up credit lines to developers, say analysts
State's wealth fund could diversify to US, where property prices are falling amid fears of recession
State-backed developer said maintenance fees to drop by 30% under renegotiated contracts
Dubai developer offered 70% cash upfront or 100% over three years to buyers in stalled project
Dubai's largest builder saw net profit of $7.9m for the period, but expenses nearly doubled
Troubled developer blames administrative issues for delay in issuing sukuk
Debt-hit developer also raised an additional AED1.4bn loan from banks
Trade creditors are being approached to sell their claims in first sign debt firms are circling
Developer says all its bank creditors are now on board for company's restructuring plan
Ban on mainstream banks offering mortgages is anti-competition, says Gulf Bank executive
