Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

UAE

Dubai Government Companies Continue Debt Restructuring

Following Dubai Worlds agreement with creditors last year to restructure its $25bn debt pile, other Dubai government owned entities are continuing to sort out their debt issues. Agreements reached by a Dubai Holding unit and Nakheel are small steps that will add to the growing confidence in the local markets, said Emirates NBD in its 2 January Economics Research report....