The non-financial arm of Dubai Holding, Dubai Holding Commercial Operations Group, has extended its US$555m revolving credit facility that matures this month.
Real estate and hospitality group Dubai Holding Commercial Operations Group has suffered a $6.2bn loss for 2009.
Full agreement on Dubai World restructuring deal would buoy Dubai’s financial industry and restore confidence, Moody’s says.
Middle Eastern assets more likely to feature on investors’ radar after Dubai World reaches debt agreement with lenders.
Dubai World’s two tranche debt repayment proposal receives backing from 60 per cent of creditors.
Ryan Harrison reports on how the Dubai World debt saga will affect international lending to the UAE.
Insolvency laws in UAE need to change, says DIFC economist.
The Middle East is still an attractive investment proposition after Dubai World troubles, economist says.
More clarity over Dubai World’s debt restructuring needed, creditors say.
State-owned developer to receive huge cash injection as government looks to stimulate local economy.
Local bourses expected to rally once Dubai World debt episode comes to an end.
Analyst claims UAE banks can survive 2010 without state support.
The ports and logistics company is rumoured to be considering a launch on the London Stock Exchange.
UAE businessman ends fling with Premier League football club.
Giving UAE banks government money after seeing them waste millions on bad loans would be foolhardy.
