Dec

3

DP World shrugs off gloom, marks UAE National Day

Posted on: December 3, 2009 at 2:06 pm

DP World, a regional branch of the crisis-hit UAE investment company Dubai World, celebrated the 38th National Day of the country here, ignoring the hoopla over its parent company’s debt default issue.
Members of the DP World family, including the port operator’s top management, senior officials, employees and their families, took part in the day-long events [...]

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Dec

1

Dubai World plans $26 Billion debt restructuring

Posted on: December 1, 2009 at 2:36 pm

DUBAI: Dubai World unveiled details of a restructuring plan on Monday that would include its main property firms but leave other companies untouched  in a move covering $26 billion in debt that could include asset sales.
“The total value of debt carried by the companies subject to the restructuring process amounts to approximately $26 billion, of [...]

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