 |
Creditor claims 'could delay Dubai debt deal'Dubai's special tribunal, set up to hear cases against indebted state firm Dubai World, could throw efforts to restructure $26 billion in debt into disarray if just one creditor files a claim, legal experts say. Dubai World is lobbying ban More… |
 |
Dubai World malls unit cuts workforce by 3pcA retail unit of troubled conglomerate Dubai World has fired 17 people, reducing its workforce by 3 percent, it said on Thursday, amid a slowdown in the retail sector and a $22 billion restructuring plan at the group. "We have reduced our More… |
 |
New acting CEO for Istithmar WorldDubai World today announced the appointment of Andy Watson as the acting CEO of Istithmar World. Watson, who earlier held the position of Istithmar World chief investment officer, replaces private equity investment specialist David Jackson More… |
 |
Dubai World will pay debts says ministerIt is only a matter of time before Dubai's troubled conglomerate Dubai World restructures its debt and meets its obligations, the United Arab Emirates economy minister said. Sultan bin Saeed Al-Mansouri, in remarks carried by the official More… |
