DUBAI: State conglomerate Dubai World has invited holders of $14.4 billion of its troubled debt to their first full-scale meeting since December last year to sell them a restructuring deal.
Under the deal, already agreed by main lenders, banks (...)
DUBAI: Dubai Holding's main unit will not be repaying a loan that was due on Thursday, saying lenders have agreed to extend the $555 million credit, in the latest blow to investors in Dubai's troubled debt program.
Lossmaking Dubai Holding (...)