12.11.2010 - Dubai Group in debt talks
From Gulfnews.com: Dubai Group, an investment conglomerate that is part of Dubai Holding, is initiating talks with creditors after it missed an interest payment last month on a $33 million (Dh121.11 million) loan. The five-year loan, which matures on December 13, 2011, was used to fund Dubai Group's acquisition of a 49 per cent stake in Bank Islam Malaysia. Bank Islam earlier this year said Dubai Group was trying to sell the stake..............................................Full Article: Source
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