Articles About Nakheel PJSC
- Author:
- Tom Silva
- Posted:
- 06.16.2010
Dubai World Building Boom Leaves It Owing Billions to Banks
State-owned holding company Dubai World is in talks to renegotiate $26 billion of debt and asking its banks for approval to defer loan payments. The banks are hoping to avoid a haircut – taking less money than they are owed. Dubai’s government also might provide a guarantee to the banks that are owned money. Dubai […]