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Dubai World will present a "fair" plan to restructure about $26 billion (Dh95.4bn) of debt as it needs creditors and contractors for the long term.
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.JPG)
Dubai Bank partners with Department of Economic Development to offer exclusive payment support15-Mar-2010
Dubai Bank announced its partnership with Department of Economic Development (DED) to offer exclusive payment support to clients of DED and customers of Dubai Bank.
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The current price of steel in the UAE has seen a monthly increase from December 2009 to reach AED 2,150 per tonne in March this year.
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Banks in the UAE are strong enough to absorb any shock, including the impact of Dubai World's debt restructuring.
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Business
Displaying 1 to 15 of 1343 news items
- 11-Mar-2010 : Saudi inflation climbs to 4.6% on food prices
- 09-Mar-2010 : Dubai World debt plan to creditors likely this week
- 09-Mar-2010 : Investors returning to hospitality sector
- 08-Mar-2010 : Dubai records US$29 billion gold trade in 2009
- 08-Mar-2010 : Mideast salary satisfaction takes a hit as cost of living rises
- 04-Mar-2010 : It's raining losses for UAE firms
- 04-Mar-2010 : ICAEW moves into in the DIFC
- 04-Mar-2010 : DMCC Executive Chairman receives ‘Middle East Investor Award’
- 23-Feb-2010 : Al-Rajhi, Arcapita launch $500m fund
- 09-Feb-2010 : Cityscape Dubai Renamed as Cityscape Global
- 01-Feb-2010 : Realty Firm Oger Dubai Confirms Fallout with Daman
- 30-Jan-2010 : Mideast steel production rises 3.5% in 2009
- 27-Jan-2010 : Dewan Forms strategic joint venture with COBA
- 27-Jan-2010 : Dubai looks to Qatar for natural gas
- 25-Jan-2010 : Private sector key to infrastructure growth.
