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Aidan Birkett

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  • Business

Dubai World to recast $23.5 bn debt

 The crisis-hit conglomerate Dubai World has reached an in-principle agreement with most of its creditors to restructure debt worth $23.5 billion. The Dubai government-owned entity had rattled......

Dubai govt to pump $9.5 bn in Dubai World

 The Dubai government will pump in $9.5 billion into the debt-laden conglomerate Dubai World, which submitted its plan to restructure debt worth $23.5 billion to its creditors. As part of its......

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