Dubai may gain on Dubai World debt optimism - Al Arabiya News:
"Dubai’s bourse may rise after an executive at Dubai World, the conglomerate at the centre of the emirate’s 2009 debt crisis, told Reuters the firm was confident about its ability to make upcoming repayments.
Mohammed al-Shaibani, chief executive of sovereign wealth fund Investment Corp of Dubai, said Dubai World had the means to make its first big repayment, a $4.4 billion loan maturity in May 2015, and expected to pay off more of its debt ahead of schedule.
This would likely be good news for Dubai banks, especially Emirates NBD, which has major exposure. Dubai World creditors are to meet this week and a high-level delegation of Dubai executives and officials will visit London next week for a roadshow with international investors; a positive creditor meeting would help Dubai attract more foreign money."
'via Blog this'
No comments:
Post a Comment