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

Dubai World $14bln debt deal may be at risk

Posted on 11 May 2010

From Gulf-times.com: Dubai World’s talks with creditors to restructure over $14bn of debt may be complicated by the debt crisis in Greece as banks find it harder to agree on the terms outlined by the government-owned conglomerate, analysts said yesterday.
“The Greece dynamic is more of heightened risk aversion perhaps globally,” said Saud Masud, head of research and senior real estate analyst at UBS in Dubai. “Banks may find it increasingly challenging to settle on initial terms set forth by Dubai World, which already appear tough to digest.”………………………………………Full Article: Source

 
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