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FINANCIAL NEWS
Dubai World debt restructuring deal reached
02 Oct 2014
(MENAFN) Dubai World’s biggest creditors have agreed on a deal reorganize its debt repayment schedule, Khaleej Times reported.
The chairman of Dubai’s Supreme Fiscal Committee responding to a question if the biggest creditors have agreed on the plan, he said “I would say so”.
The Chairman of Dubai Civil Aviation and Chief Executive of Emirates airline and Group, ruled out any flotation of Dubai’s state-owned companies, including Emirates airline and air travel service provider dnata. They are not being considered, he added.
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