Dubai Group may sell its stake in Bank Islam Malaysia for around $300m, Malaysian Reserve reported, citing sources familiar with the plan. According to the newspaper, the sale is expected to be comple…
Read the full story »March 8 (Bloomberg) — Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan this month, said three bankers familiar with the negotiations.
Interpol has issued an alert for 16 more suspects in connection with the January slaying of a Hamas commander in a Dubai hotel room, the international police organization said Monday.
Interpol announced Monday it is issuing notices to help search for another 16 suspects believed linked to the January killing of a Hamas leader in Dubai.
International police agency Interpol on Monday issued arrest notices for 16 further suspects wanted by Dubai for the killing of a Hamas leader there.
Dubai World restructuring plan could hit UAE banks’ ratings even harder, says S&P executive. … Dubai Business | Kippreport, Dubai Business , New Business thinking · Home · Retail · Money · Real Estate · Investments · Entertainment …
UAE bans Facebook Facebook business is expected to generate $350m this year. It … Related news: Facebook has more than 300 million users. Social networking website Facebook has said that… Attacks continue on Twitter, Facebook, Google …
The former Iraq arms inspector is to head the advisory board of the UAE nuclear program. All well and good… But how is Blix linked to Saddam Hussein (via ‘Brangelina’)? … February 24, 2010 |Six Degrees of… [More] …
Hopes of progress this week on Dubai World $26 billion debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate.
Dubai’s government said Monday that state-owned conglomerate Dubai World will this month present creditors a proposal on restructuring its 22 billion dollars of debt.
The former Iraq arms inspector is to head the advisory board of the UAE nuclear program. All well and good… But how is Blix linked to Saddam Hussein (via ‘Brangelina’)? … February 24, 2010 |Six Degrees of… [More] …
March 8 (Bloomberg) — Dubai World, the state-owned holding company in talks to renegotiate about $26 billion of debt, will ask banks for permission to delay loan repayments when it presents a plan this month, said three bankers familiar with the negotiations.
March 8 (Bloomberg) — The cost to protect against corporate defaults fell to the lowest in more than six weeks as optimism builds that Greece’s budget crisis will be contained and Dubai is moving closer to restructuring its debt.
March 8 (Bloomberg) — Dubai shares rose to the highest in more than three weeks after bankers said Dubai World will ask lenders to roll over loans when it presents a proposal to creditors this month.
March 8 (Bloomberg) — Emerging-market stocks rose to a six-week high, currencies of commodity-producing nations strengthened and oil and metals advanced as Greece and Dubai moved closer to resolving their debt woes.
Dubai World , the troubled conglomerate, expects to put its debt plan to creditors as early as this week but the final proposal is being delayed by efforts to accurately value developer Nakheel ’s assets, Reuters reported , citing bankers.
March 8 (Bloomberg) — Nakheel PJSC’s 2.75 percent $750 million sukuk maturing in January gained 2 percent to 51.25 cents on the dollar at 1:07 p.m. in Dubai, according to prices compiled by Bloomberg. They closed at 50.25 cents on the dollar on March 5.