Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai World to repay USD4.4 b loan in 2015  Join our daily free Newsletter

MENAFN - 01/04/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Dubai World, the conglomerate at the center of the emirate"s debt crisis, plans to make its first big repayment in 2015, according to Arab News



Dubai World will repay the USD4.4 billion loan in May 2015, as scheduled, while other repayments will be paid early



Mohammed Al-Shaibani, CEO of sovereign wealth funInvestment Corp. of Dubai, said: "Around 280 million has already been paid ahead of maturity, and we will continue to do so.




Dubai World faced obstacles during the emirate"s 2009 property market collapse and had to restructure USD25 billion of debt, of which about USD14.4 billion was owed to around 90 local and foreign banks

 
 


MENAFN




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help