Tag: Debt Restructuring

Union Properties PJSC (UPP) plans to repay 2 billion dirhams ($545 million) of debt this year to cut interest costs and convince banks to...

The real estate market in Dubai witnessed mixed performance in 3Q 2010, popular developments with proper amenities and infrastructure fared better than others. The...

According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24.9 billion of debt is likely...

Dubai World (the “Company”) announces that it held a meeting in Dubai today with its creditor banks to present formally the proposed...

Last week Dubai World announced that it was creeping closer to a deal with its creditors. Welcome news not only for investors,...

The Minister of Economy, Mr Sultan Al Mansouri, today made remarkable comments about the local economy during the launch of the UAE’s economic report...

Investment firm Dubai International Capital, along with a committee of banks, requested a three-month debt extension Thursday till September 30th, though the debt size...

Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing...

Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims, according to a report in...

Nakheel PJSC plans to pay creditors and contractors $8.2 billion in June, according Al Ittihad newspaper.

The executive board of Nakheel was completely reshuffled today, reported Reuters. The Dubai government said in a statement the new board would help prioritize...

Nakheel trade creditors will be offered a large-scale Islamic bond as part of a debt restructuring plan issued by parent firm Dubai World last...

Meydan on Thursday signed a memorandum of understanding under which it sold three commercial buildings located in Meydan Metropolis Phase 1 to Emirates NBD, reported Gulf...

It's exactly four months since Dubai sent shockwaves around the world, when one of its biggest companies, Dubai World asked for a delay in...

Dubai Government Offers Dubai World $9.5 Billion in New Funds Dubai World and Nakheel will today announce proposals for the restructuring of their liabilities...