Middle East Economic Survey
VOL. LIII
No 20
17-May-2010
UAE
UAE Officials Play Down Dubai Holding Restructuring
UAE officials sought to play down news last week that another big Dubai conglomerate would need to undergo restructuring. Dubai World is already trying to reach an agreement with its creditors to restructure over $20bn worth of debt, and it appears that Dubai Holding will need to follow a similar procedure. Companies that make up government-owned Dubai Holding, have engaged advisors for...
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