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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Bankers expect details on Dubai World revamp

Posted on 08 January 2010

From Tradearabia.com: Dubai World, the state-owned holding company grappling to restructure about $22 billion in debt for its property units, could unveil some details about its plans as early as Thursday, bankers said.

Dubai sent shockwaves through global markets on November 25 when it said it would request a standstill on billions of dollars of debt linked to Dubai World and its property units Limitless and Nakheel, developer of three palm-shaped islands……………………………………Full Article: Source

 
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