Monday, 26 July 2010
Emirates NBD Expects Dubai World Deal by September, CEO Says - BusinessWeek
Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, expects state-owned Dubai World to reach an agreement on a debt restructuring plan by September, Chief Executive Officer Rick Pudner said in a conference call today.
Emirates NBD is one of the biggest lenders to Dubai World, which is delaying repayment of $14.4 billion debt as part of a restructuring plan.
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