 |
Dubai Group to close $10bn debt deal by June 6Dubai Group, an investment vehicle owned by the emirate's ruler, will be spun off as an independent company with creditors owning an equity stake after its planned $10 billion debt restructuring, a top official said. The compa More… |
 |
Dubai Group's debt plan 'to include creditor oversight'Dubai Group's $10 billion debt restructuring will be managed by the head of another state-linked firm while two banks will have a monitoring role to ensure more oversight from creditors, sources aware of the matter said. More… |
 |
Oman fund eyes Dubai Group's Onic stakeAn Omani sovereign wealth fund is in advanced talks to buy a near 42-percent stake in Oman National Investment Corp Holding (Onic) from a unit of Dubai's ruler's personal investment firm, two sources aware of the matter More… |
 |
Dubai Group settles $10bn debt deal suitDubai Group, a struggling unit of the ruler of Dubai's personal investment firm, has settled with banks who brought legal action against it to secure repayment of their share of $10 billion of debt, raising hopes a wider restructuring can no More… |
 |
Dubai Group in talks to sell Omani stakeDubai Group, an investment vehicle restructuring $10 billion of debt, is in talks to sell its stake in Oman National Investment Corp Holding (Onic), three sources aware of the matter said on Wednesday. Dubai Group, part of Dubai H More… |
 |
Dubai Group cuts half of staff: SourcesDubai Group, part of the ruler of Dubai's personal empire, has cut half its staff of about 30 people as part of cost-cutting measures in its $10 billion restructuring, three sources told Reuters on Monday. &nbs More… |
 |
Banks 'can afford risk of suing Dubai'Foreign lenders are threatening Dubai with a fresh debt headache. The UK's Royal Bank of Scotland, South Africa's Standard Bank and Germany's Commerzbank have launched a lawsuit against Dubai Group, an entity owned More… |
 |
Dubai Group 'eyes stake sale in Lafarge venture'Dubai Group is in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge, two sources familiar with the matter said, as the state investment vehicle sells assets to repay its $10 billion debt pile. L More… |
 |
RBS, others sue Dubai Group over debtRoyal Bank of Scotland (RBS) and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, an unprecedented move to secure repayment after two years of unsuccessful debt talks. More… |
 |
Dubai group sells Turkey insurance firmDubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice "Hank" Greenberg and a unit of Dubai lender Mashreq Bank, as the state investment firm looks to cut its debt pile More… |
