Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

UAE

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...