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Lese-Ansicht

Asian Banks’ Billions in Gulf Loans at Risk Amid Mideast Turmoil

The multibillion dollar ramp-up in loans by Asian banks to the Middle East faces growing uncertainty as Iran’s escalating conflict raises the risk of broader financial fallout.

An Iranian motorcyclist rides past the Gandhi Hospital, which is damaged after U.S.-Israeli strikes on a state TV telecommunication tower nearby in Tehran, Iran, on March 2, 2026. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images)
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New World Shares, Bonds Jump as Blackstone in Talks for Stake

New World Development Co.’s shares and bonds surged after people familiar with the matter said Blackstone Inc. is in advanced talks to become the single largest shareholder of the Hong Kong developer.

The K11 Musea shopping mall at the Victoria Dockside commercial complex, developed by New World Development Co., in Hong Kong, China.
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Brookfield Seeks $1.7 Billion Loan to Refinance Seoul IFC Deal

Brookfield Asset Management Ltd. is seeking a 2.5 trillion won ($1.7 billion) loan backed by Seoul’s International Finance Center, people familiar with the matter said, underscoring the refinancing squeeze facing investors stuck with unsold commercial real estate.

The International Finance Center complex in Seoul. Source: Google Maps
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Goldman Seeks to Buy Part of Hong Kong Builder New World’s Loan

Goldman Sachs Group Inc. has sought to purchase a portion of New World Development Co.’s loans at a discount, an indication of how one potential investor would value the debt of a builder that’s become a poster child of Hong Kong’s property woes.

The Deep Water Pavilia project, developed by New World Development Co., in Hong Kong, China. Photographer: Lam Yik/Bloomberg
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Singapore Bank UOB Struggles With Hong Kong, China Property Loans as Prices Sink

A large wager on Hong Kong and China real estate is backfiring on one of Singapore’s top banks, which is facing up to mounting troubles in the region’s deteriorating property markets.

Parkview Green in Beijing. Photographer: Simon Song/South China Morning Post/Getty Images
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