Middle East Economic Survey
VOL. LIII
No 21
24-May-2010
UAE
Dubai World Agrees $23.5Bn Restructuring With Creditors Coordinating Committee
Dubai World has reached an agreement on restructuring $23.5bn worth of debt with the coordinating committee that represents the companys creditors (accounting for around 60% of the bank lenders) and the Government of Dubai, it announced on 20 May. The company said that economic terms have been agreed in principle and recent discussions had refined, but not...
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