Friday 4 September 2015
 
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Dubai World

Dubai World allowed debt restructure outside court

State-owned conglomerate Dubai World has been granted approval to end court proceedings relating to its $14.6 billion debt restructuring deal, according to a document on the court's website. The action allows lawyers for the c

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Dubai World wins creditor assent for debt deal

State-owned conglomerate Dubai World has received approval from all creditors for a $14.6 billion restructuring plan, and the court administering the process has been adjourned until May 10, according to court proceedings on Sunday.

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Dubai World $14.6bn debt deal vote on March 17

The court administering conglomerate Dubai World's restructuring on Tuesday set March 17 as the provisional date for creditors to vote on whether to approve a $14.6 billion debt deal. The Dubai World Tribunal on Tuesday held i

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Dubai World 'has lender support for $14.6bn restructure'

Dubai World has reached formal agreement with a substantial majority of creditors on its proposal to amend and extend the terms of its outstanding debt totalling $14.6 billion, the state-owned conglomerate said on Monday. The comp

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Marka buys retail outfit from Dubai World for $60m

Marka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for Dh220 million ($60 million), in a move that will make Marka operationally profitable in 2015, it said on Su

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Marka buys retail outfit from Dubai World for $60m

Marka, a retailing and restaurants start-up, has agreed to buy a sporting goods retail firm from state-owned conglomerate Dubai World for Dh220 million ($60 million), in a move that will make Marka operationally profitable in 2015, it said on Su

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Dubai World debt deal receives 70pc creditor consent

Some 70 per cent of creditors to state-owned conglomerate Dubai World have agreed, subject to approval, to the revised terms of the debt restructuring presented at a meeting in London on Monday, sources with direct knowledge of the talks said.

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Dubai World has over 60pc assent for debt restructuring

Dubai World has secured agreement from more than 60 per cent of its creditors to reschedule its debt repayments, a top government executive said on Thursday, just short of the two-thirds assent needed to change the existing terms.

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Dubai World inks restructuring deal with top creditors

Dubai World's biggest creditors have agreed a deal with the state-owned conglomerate to renegotiate its debt repayment schedule, one of Dubai's top government officials said on Wednesday. However, Sheikh Ahmed bin Saeed al

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Dubai World debt restructuring deal 'soon'

One of Dubai's top government officials said on Sunday that he expects state-owned conglomerate Dubai World to reach a deal on renegotiating its debt repayment schedule in the near future. "I can say for sure we will reac

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