Skip to main content

Breaking News
Dubai World seeks debt restructure

corporate

| |

Dubai World, the state-owned conglomerate, has reached a deal in principle to restructure its 19 billion euro debt.

The deal that involves no new financial input from the government, is yet to be approved by the banks.

Dubai, famed for its extravagant property ventures and tax-free lifestyle is struggling to bring its 82 billion euro debt under control.

More about: ,

Copyright © 2013 euronews

| |

Log in
Please enter your login details