Dubai Offers $9.5B in New Aid to Struggling Firm

Courtesy Digg - Business & Finance  Fri, 03/26/2010 - 00:10

Dubai's government said Thursday it will pump up to $9.5 billion into its chief conglomerate Dubai World and a key subsidiary as part of a long-awaited restructuring plan to rescue it from crippling debt.

The proposal, which still needs approval from creditors, comes after months of talks following Dubai World's bombshell announcement in Nov...

Tags:

 

Related items

DealBook: Talks on Greek Debt Are Halted
Talks between Greece and private sector creditors over a restructuring of the country's crushing debt paused on Friday amid a continuing disagreement over how much of a loss banks and...

Dubai's Drydocks World gets $200M in financing
The shipbuilding and repair arm of indebted state conglomerate Dubai World says it has secured $200 million in immediate financing and plans to begin talks with creditors to restructure its...

Facebook files for IPO; plans to raise $5B
Facebook just filed documents paving the way for an initial public offering of stock. Click here to read the filing at the SEC. More shortly ...

BlueAnt UNOTPBAX53 X5 Bluetooth Stereo Headphone...
The X5 Stereo Bluetooth Headset is a portable multi-function device utilizing the latest cutting edge technologies allowing you to stream high quality music and make voice calls using a...

Uniden TRU9496 2-Line Corded/Cordless Digital...
With the Uniden TRU9496 5.8 GHz Digital 2-Line Expandable Phone System is the next generation of 5.8 GHz cordless phones. It's a full-featured digital answerer, with a Dialing keypad and a...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com