International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
Dubai meets investors in Europe to allay fears
Finance officials plan roadshow to reassure investors.
June 2, 2010 3:42 by Samuel Potter
Starting from the end of this week, Dubai finance officials will begin meeting investors around Europe in a bid to reassure them over the emirate’s financial state, reports Zawya.com.
The Department of Finance “confirms that it is conducting a series of fixed income investor meetings in Europe as part of a non-deal investor update in line with its strategy of regular ongoing investor communications as set out last year,” said a spokesperson.
The reports come just a day after Dubai Holding confirmed debts of AED 23.5 billion, and a week after Dubai World reached an agreement in principle with seven main lenders.