Mon, Sep 25, 2017
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Dubai World to present ‘fair’ plan to creditors soon

Posted on 17 March 2010

From Business24-7.ae: Dubai World will present a “fair” plan to restructure about $26 billion (Dh95.4bn) of debt as it needs creditors and contractors for the long term, said the chairman of the Dubai Supreme Fiscal Committee yesterday.

The restructuring proposal will be announced “very soon” and will be drawn up considering the long-term interests of the banks, contractors and Dubai, said Sheikh Ahmed bin Saeed Al Maktoum, who is also President of the Dubai Civil Aviation Authority and Chairman and CEO of Emirates Group………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
September 2017
M T W T F S S
« Nov    
 123
45678910
11121314151617
18192021222324
252627282930