| From Abcnews: One of Dubai World's major creditors said Monday that restructuring talks with the debt-laden conglomerate are moving ahead and should be resolved soon. Rick Pudner, CEO of Emirates NBD, said negotiations with the struggling state-owned company are still ongoing but are "progressing very positively."
"A lot of progress has been made over the last few weeks. We are hoping for a satisfactory resolution," Pudner told reporters in a conference call.........................................Full Article: Source
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