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...