dubai world news
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Arabtec seeks cash payment
Abu Dhabi :: United Arab Emirates | almost 3 years ago
Credibility
Dubai builder Arabtec expects cash from developer Nakheel's debt restructuring by end-June, while payment in the form of bonds could take several months, its chief executive said yesterday. Kamal declined to say how much money Arabtec, the UAE's
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Moody's: Dubai World Restructure Pact Helps Restore Confidence
Dubai :: United Arab Emirates | almost 3 years ago
Credibility
The ratings agency, in an emailed note, said last week's agreement between Dubai World and 60% of its bank lenders to restructure $23.5 billion of debt appears to be the last act of a restructuring story that began Nov. 25. "Acceptance by bank
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Emirates targets reform after Dubai debt crisis
Dubai :: United Arab Emirates | almost 3 years ago
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United Arab Emirates (AP) — Dubai officials are outlining plans for financial reforms in the wake of the emirate's credit crisis. The governor of the Dubai International Financial Center, a state-run banking hub, said Monday the
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Its deal or no deal ?
Dubai :: United Arab Emirates | almost 3 years ago
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Sunday 23 May, 2010 It's deal or no deal as creditors still to sign Dubai World's remaining creditors may not be wooed by the debt restructuring terms that were reached in principle last week with core lenders, according to a major ratings firm. The
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Saudi stocks dip on euro zone woes
Amman :: Jordan | 3 years ago
Credibility
Saudi shares continued their downward trend last week with the petrochemical sector spearheading the decline...The performance of the Saudi market last week reflected "confusion" on the part of Saudi investors due to the euro zone woes, said Abdul
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A better way to eliminate anxiety over Greece
Dubai :: United Arab Emirates | 3 years ago
Credibility
M any saw the default of state-owned Dubai World on the terms of its debt late last year as a harbinger of things to come. Given the near default of Greece and Europe's broader debt crisis, it seems those people might have been onto something. If
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Dubai office surplus to hurt prices
Cré :: France | 3 years ago
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May 22, 2010 Office space in Dubai will increase almost 80 per cent by the end of 2011, hurting prices in a market where values have already fallen by more than half, says a new report from Colliers CRE. ''It is going to take an enormous recovery of
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Business regains public trust as source of data
Dubai :: United Arab Emirates | 3 years ago
Credibility
In a survey of 318 respondents 16 per cent of which were Emirati business rose in the rankings as trusted sources of information from the same time last year in a separate survey done by YouGov. As sources of trusted information, business was ranked
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Qatar Exchange index down a tad
Doha :: Qatar | 3 years ago
Credibility
Qatar Exchange yesterday was down 2.53 points or 0.04 percent to 7,082.51 points from 7,085.04 on Wednesday. The volume of shares traded decreased to 7,799,705 from 11,695,897 on Wednesday, and the value of shares was down QR208,039,618.35 from 343,
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Dubai World agrees debt deal
Dubai :: United Arab Emirates | 3 years ago
Credibility
Dubai World, the state-owned conglomerate, has reached a deal to restructure $US23.5 billion ($NZ35b) in debt with its core lenders, addressing the most immediate of a string of problems facing investors in Dubai. The deal, which includes no new
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