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Dubai support fund may need up to $2.4bnA government fund set up to help debt-ridden state-linked firms will need to be "topped-up" by as much as $2.4 billion over the next two years, JP Morgan said in a note, with several looming repayment deadlines at Dubai Inc. The US investm More… |
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Dubai vows to repay creditors in fullDubai will recapitalise its Dubai World conglomerate and repay property unit Nakheel's bonds in full, with $9.5 billion of aid for a debt deal promising creditors all their money back in up to eight years. The price of bonds issued by Nakh More… |
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Dubai to inject $9.5bn into firms in debt dealThe Dubai government unveiled plans to recapitalise its indebted Dubai World flagship and repay Nakheel bonds in full, injecting what it said was $9.5 billion in new funding, but without new aid from Abu Dhabi. In a statement, the governme More… |
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Dubai World 'working on debt deal with creditors'Dubai World will continue to work with financial creditors to negotiate a standstill in an orderly way for receiving financial aid from Dubai Government to cover working capital and interest expenses, the crisis-hit state holding company said More… |
