Middle East Economic Survey
Dubai World Sees Positive Reaction To Debt Restructuring Proposal
The reaction to Dubai Worlds debt restructuring proposal, which offers creditors full repayment over eight years, has been positive and is unlikely to change, according to chief restructuring officer Aidan Birkett. I believe this to be a very attractive deal for creditors, Mr Birkett told reporters last week. In light of the announcement, Fitch Ratings noted that the UAE...