Tag: Debt

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...

Growth in the Gulf Cooperation Council states is expected to rise to 4.4 percent in 2010 and 4.7 percent in 2011, the Washington-based Institute...

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

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...

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...

Dubai World has been locked in talks with a seven-member panel of creditors in a Dubai hotel, discussing the firm's long-awaited debt proposal. "Thing looks...

Arabic language daily Al Ittihad said Dubai World would receive aid from the Dubai Financial Support Fund (DFSF) for financing operating expenses and payments...

Saud Masud, head of Middle Eastern research at UBS AG, talks about Dubai World's plan to renegotiate about $26 billion of debt. Masud also...

UAE investor sentiment remains cautious Despite that the Dubai World default was averted by confirmation from Abu Dhabi government interaction, investors' sentiment remains cautious....

Dubai denied on Sunday an earlier Dow Jones report that it is mulling a two-part deal, including one that may repay lenders 60 percent...

Dubai’s debt crisis has weakened investor confidence and will hurt the property industry in the United Arab Emirates in 2010. The Dubai government’s announcement of...

Damas, the region's largest jewelry company, is poised to sign a formal standstill on some 4 billion dirhams ( about 1.08 billion U.S. dollars)...

The debt problems besetting Dubai's property sector have not affected the go-ahead for the region's largest aluminium, cabling and renewable energy projects, all centred...

Abu Dhabi has given Dubai $10bn, some of which will enable Nakheel, the property arm of troubled Dubai World, to pay a $4.1bn Islamic...

Now, wherever in the world you were last week, you could hardly open a newspaper or watch television without coming across a mention of...