The Government of Dubai may have to convert its US$1 billion (Dh3.67bn) loan to Dubai International Financial Centre (DIFC) Investments into shares, the US investment bank JPMorgan says.
DIFC Investments, which owns the infrastructure and property of the DIFC, has more than $3bn in liabilities.
It is in the process of putting together a restructuring and disposals plan to reduce this debt.
No comments:
Post a Comment