Dubai in the spotlight after asking to delay debt payments
Dubai World, a government controlled investment company, has asked for its debt payments to be delayed until May next year. The company owes somewhere in the region of £35 Bn and has asked the global...
View ArticleAbu Dhabi rides to the rescue of Dubai World
Abu Dhabi has today passed $10 billion across to Dubai so that the ailing Dubai World can meet its Islamic debt obligations that mature today. $4.1 billion will be used to pay immediate ‘sukuk’...
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