"Regretfully, the excellent graphics of the printed edition are not available on-line." RNB
On the eve of Eid last year, Dubai World sent shockwaves through global markets when it asked creditors for a standstill on billions of dollars in debt obligations.
A year later, the emergence of another debt restructuring story at another Dubai conglomerate is unlikely to create the same tremors.
Dubai Group, one of three main branches of Dubai Holding, said yesterday it had appointed a creditors' committee to start talks about a debt restructuring. It marked the first such move at a major government-linked group since Dubai World began its US$24.9 billion (Dh91.44bn) restructuring.
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