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Dubai World allowed debt restructure outside courtState-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal, according to a document on the court's website. The action allows lawyers for the c More… |
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Dubai World wins creditor assent for debt dealState-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10, according to court proceedings on Sunday. More… |
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Dubai World $14.6bn debt deal vote on March 17The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i More… |
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Dubai World 'has lender support for $14.6bn restructure'Dubai World has reached formal agreement with a substantial majority of creditors on its proposal to amend and extend the terms of its outstanding debt totalling $14.6 billion, the state-owned conglomerate said on Monday. The comp More… |
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Marka buys retail outfit from Dubai World for $60mMarka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for Dh220 million ($60 million), in a move that will make Marka operationally profitable in 2015, it said on Su More… |
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Marka buys retail outfit from Dubai World for $60mMarka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for Dh220 million ($60 million), in a move that will make Marka operationally profitable in 2015, it said on Su More… |
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Dubai World debt deal receives 70pc creditor consentSome 70 per cent of creditors to state-owned conglomerate Dubai World have agreed, subject to approval, to the revised terms of the debt restructuring presented at a meeting in London on Monday, sources with direct knowledge of the talks said. More… |
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Dubai World has over 60pc assent for debt restructuringDubai World has secured agreement from more than 60 per cent of its creditors to reschedule its debt repayments, a top government executive said on Thursday, just short of the two-thirds assent needed to change the existing terms. More… |
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Dubai World inks restructuring deal with top creditorsDubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on Wednesday. However, Sheikh Ahmed bin Saeed al More… |
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Dubai World debt restructuring deal 'soon'One of Dubai's top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future. "I can say for sure we will reac More… |
