Dubai World's willingness to sell prized assets such as ports operator DP World to pay down its debt pile is considered such a drastic move that analysts see it more as a last-resort bargaining tactic.
Documents obtained by Reuters this we
Dubai World is planning to raise as much as $19.4 billion by selling off prized assets over a period of eight years to pay off creditors burned by its overambitious expansion, according to a document obtained by Reuters on Wednesday. &n
Dubai's Istithmar on Tuesday sold its 6.9 per cent stake in Indian low-cost carrier SpiceJet for $25.3 million, two sources with direct knowledge of the matter said.
The investment arm of Dubai World sold 22.14 million shares to a clut
About 10 buyout houses are preparing to make indicative bids on Monday for Inchcape Shipping Services (ISS), the $700 million-plus port and shipping agent owned by Dubai World's investment arm Istithmar.
The keen interest highlights th
Dubai World's investment arm, Istithmar, has sold its entire holding in Indian budget airline SpiceJet for $35 million, the airline's spokeswoman said.
Istithmar sold its stake in the airline via block deals to a couple of domestic
Dubai World's investment arm Istithmar has put port and shipping agent Inchcape Shipping Services up for sale for $600 million to $700 million and has attracted interest from private equity groups, the Financial Times reported on Wednesday.
US supermarket mogul Ron Burkle and his investment vehicle Yucaipa Cos has sent a proposal to Dubai's Istithmar World Capital for a controlling stake in US luxury retail chain Barneys New York in exchange for a $50 million cash infusion, said a re
Dubai investment firm Istithmar World has sold two buildings in London to Great Portland Estates, its financial statements showed.
Istithmar is one of the flagship companies of state-owned Dubai World, whose real estate unit Nakheel
Dubai World said the chief executive of its Istithmar World unit would continue to lead the company, after reports his position was under review.
'Reports that David Jackson had left the company were incorrect,' the state-owned con
Dubai's Istithmar World is freezing investments as part of a restructuring process that may result in sale of the fund or its assets, Bloomberg said, citing people familiar with the plan.
Earlier this week, Istithmar World said its co-