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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Dubai World debt proposal is ‘very fair,” HSBC says

Posted on 04 May 2010

From Bloomberg: Dubai World’s proposal to restructure $24.8 billion of its borrowings is “very fair” and an accord may be signed in a few weeks, said the chief executive officer of HSBC Bank Middle East Ltd.
“We think the proposal is fair and a good way forward for the United Arab Emirates,” Simon Cooper said in Abu Dhabi today. “I see no reason why it should not be signed in a few weeks. We would sign today.”…………………………………….Full Article: Source

 
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