| From Gulfnews.com: Dubai Group, the investment company controlled by Dubai Holding is seeking to restructure its $6 billion (Dh22.03 billion) of loans has set up two bank committees to speed up the process of restructuring. Investment Corporation of Dubai and Dubai Holding, two other holding companies, as well as other government-related firms, account for the remaining $50.2 billion, according to Credit Suisse.
A source close to the restructuring talks told Gulf News that the two committees are working closely with Dubai Group to reschedule the loans..............................................Full Article: Source
|