Wednesday 24 September 2014
 
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Dubai group

Dubai Group chief joins Shuaa board

Leading UAE investment bank Shuaa Capital has appointed Dubai Group CEO Ahmed Al Qassim as a non-executive director with immediate effect. Prior to his appointment at Dubai Group, Al Qassim, an Emirati national, was the director f

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Dubai confirms final debt deal

Financial services conglomerate Dubai Group has reached a final deal with creditors on restructuring $10 billion of debt, resolving the last major hangover from the emirate's financial crisis, its parent company confirmed. Len

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Dubai Group signs $10bn debt restructuring deal

Dubai Group has signed a $10 billion debt restructuring agreement, two sources with knowledge of the matter told Reuters on Thursday, bringing an end to the last major hangover from the emirate's 2009 financial crisis. The inv

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Dubai Group unit sells stake in Bank Islam

Dubai Financial Group, a subsidiary of diversified financial services company Dubai Group, has sold its 30.5 per cent stake in Bank Islam to BIMB Holdings, a Malaysia-based investment holding company. The agreement was signed betw

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Dubai Group to close $10bn debt deal by June 6

Dubai 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

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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.

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Oman fund eyes Dubai Group's Onic stake

  An 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

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Dubai Group settles $10bn debt deal suit

Dubai 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

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Dubai Group in talks to sell Omani stake

Dubai 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

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Dubai Group cuts half of staff: Sources

  Dubai 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

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