Tag: Dubai World

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...

Akber Khan, a director at Al Rayan Investment, talks with Bloomberg's Linzie Janis about the outlook for stocks in Dubai and the rest of...

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...

Istithmar World Capital, the investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel site in Times...

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

Since the November standstill announcement, little information was released from either Dubai World or the government to reassure investors. Discussions with creditors have been...

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...

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...

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee (SFC) reassured investors, financial and trade creditors, employees, and citizens all...

Statement from Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee The Government of Dubai, acting through the Supreme Fiscal Committee...

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

Dubai has long been known as a symbol of extravagance and a city where money could buy anything, but a daunting economic recession has...

On Wednesday, the Emirate of Dubai asked for a moratorium of six months on billions of dollars of debt issued by key conglomerate Dubai...