Middle East Economic Survey
Dubai World Pens Final Agreement For Restructuring Of Its Debt
State-owned conglomerate Dubai World signed on 23 March a final agreement with its 80 creditors as part of its restructuring of around $24.9bn worth of debt, the company announced in a press statement. Under the terms of this debt repayment plan, Dubai World is expected to repay its debts in two distinct phases. The first of these will involve the repayment of $4.4bn...