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Dubai Group

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Dubai Group sells credit card firm to First Gulf Bank

Investment firm Dubai Group has sold its credit card business to Abu Dhabi lender First Gulf Bank (FGB) for $164…

June 23, 2013 3:07
02 dubai group

Dubai Group could sell Omani stake

Dubai Group, an investment vehicle restructuring $10 billion of debt, is in talks to sell its stake in Oman National Investment Corp…

December 12, 2012 2:45
Shiekh Mohd (Prime Minister)

Dubai Group cuts half of its staff

Dubai Group, part of the ruler of Dubai’s personal empire, has cut half its staff of about 30 people as part…

November 27, 2012 8:53
September  18, 2006

Dubai Group sells Turkey insurance arm

Mashreq Bank unit buys 51 pct stake in Turkish arm; Remaining stake bought by ex-AIG CEO's firm; Turkey seen attractive to foreign insurers; Dubai Group is in midst of $10 bln restructuring

September 4, 2012 5:29

Key Dubai shareholder opts out of bank Muscat rights sale

Dubai Group sells rights to buy shares at discount; Bank Muscat eyes $251 mln from discounted rights sale; Dubai has rights to buy 33 mln shares in the Omani bank;Dubai Group is bank's second largest shareholder with 14.7 pct stake

July 15, 2012 5:07

RBS, others quit Dubai group debt talks

RBS, two other banks quit talks, threaten legal action; Concessions offered to end banks' dissension – sources; Legal action threat may be negotiating tactic - analyst

July 10, 2012 11:36
Dubai eyes sale of Essex House Hotel

Dubai eyes sale of Essex House Hotel

Dubai Group, the state-owned investment firm in the midst of a $10 billion debt restructuring, is weighing a potential sale of its prime Manhattan-based real estate property Jumeirah Essex House hotel, it said on Monday.

March 12, 2012 1:46
The debt days are over-uh huh?

The debt days are over-uh huh?

Dubai Group says there is no reason to worry. Analysts say Dubai debt will be manageable this year. Meanwhile, UAE banks tighten strings to mitigate overspending by public establishments. What to make of it all?

February 6, 2012 4:49
Govt Pulls Out Of $10 Bln Dubai Group Debt Talks-Sources

Govt Pulls Out Of $10 Bln Dubai Group Debt Talks-Sources

Dubai's Supreme Fiscal Committee no longer involved in negotiations – sources; Banks see govt support as essential for debt deal - letter

February 4, 2012 1:00

Dubai Group Stalls Interest On $10 Bln Debt-Sources

No interest paid by Dubai Group on $10 bln debt since Aug 2010; Unpaid bill now hundreds of millions of dollars-sources; No financial support from Dubai authorities offered; Full bank provisioning required if no debt deal by year-end

November 3, 2011 4:06