Middle East Economic Survey


No 37



Dubai Worlds Creditors Give Green Light To Debt Restructuring

Dubai World said on 10 September that it has received formal agreement from over 99% by value and approximately 99% by a number of its creditor banks to its debt restructuring proposal. This overwhelming support means that the company is well positioned to close the restructuring in the coming weeks, it said. Dubai World had said on 22 July that it expected to complete its...