No large scale restructuring seen in UAE after Dubai-cbank | Reuters
The UAE central bank does not expect to see more large-scale corporate restructuring in the wake of Dubai's debt issues, the bank's governor said on Monday.
Dubai's flagship conglomerate Dubai World [DBWLD.UL] is in debt restructuring talks with lenders.
Meanwhile, the Financial Times on Monday reported three companies within Dubai Holding have engaged advisers ahead of a potential plan to restructure billions in debt. [ID:LDE64909I]
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