Middle East Economic Survey
VOL. LIII
No 29
19-Jul-2010
UAE
Nakheel Presents Restructuring Plans To Creditors
Nakheel, the real estate subsidiary of troubled conglomerate Dubai World, officially presented bank creditors with its proposed recapitalization and restructuring plan in a meeting on 14 July. The proposal, together with that of Dubai World, was originally submitted to a Coordinating Committee representing the two companies financial creditors in 25 March (MEES, 29 March). As is customary...
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