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

Dubai debt deal seen in two weeks - official

Posted on 10 May 2010

From Reuters: A deal between creditors and troubled state-owned conglomerate Dubai World could be finalized within two weeks, said Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai’s Supreme Fiscal committee.
Sheikh Ahmed said in an interview with CNN over the weekend that the government is in the process of refining the terms of the restructuring plan, which involves a $9.5 billion infusion of cash, but was positive that it will be well-received by creditors………………………………………..Full Article: Source

 
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