Wednesday 7 December 2011

Dubai Denies Plan to Restructure Debt of State-Owned Companies in 2012 - Bloomberg

Dubai’s government has no intention to restructure debt of state-owned companies next year and is prepared to support these companies through “various options.”

Dubai’s government may consider refinancing part of the debt obligations of state-owned companies next year “if necessary,” Dubai’s Media Office said in an e-mailed statement today.

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