Register for our free newsletter

Latest News

Dubai World

Dubai Marina, New Dubai

Dubai World gets approval to restructure $14.6 bln debt outside court

Formal sign-off for the restructuring could occur within days or weeks

March 25, 2015 6:37
DUBAI, UAE - APRIL 27: Downtown Burj Dubai April 27, 2014 in Dub

UAE’s Marka to buy retail outfit from Dubai World for $60 mln

The deal will give Marka a network of 15 sporting goods outlets across the UAE

December 28, 2014 2:58

Dubai World sells Atlantis Hotel

This is Dubai World's second disposal this year after selling British logistics warehouse developer Gazeley in June.

December 5, 2013 12:33
Dubai World sells UK assets

Dubai World unit sells UK asset to Brookfield

The company previously said it planned to raise between $1.3 and $2.3 billion through the disposal of some assets including Gazeley

June 11, 2013 12:27
Dubai World

Ghosts of Dubai World’s past may return to haunt

The emirate is once again dreaming big with plans for a city centre canal and a $1 billion replica of India's Taj Mahal.

November 22, 2012 9:00

Dubai’s Limitless to sign $1.2 billion debt deal in September

Limitless, the indebted property arm of Dubai World, is aiming to conclude its $1.2 billion debt deal with creditors by the end of September, the company said on Tuesday.

September 4, 2012 5:34

DP world’s H1 profit flat, cites global climate

Dubai's DP World, the world's third largest port operator, reported flat profits for the first half of this year, citing an uncertain global economic climate.

August 29, 2012 10:07
Drydocks World eyes repaying $2.2B debt in 5 years

Drydocks World eyes repaying $2.2B debt in 5 years

Shipbuilder Drydocks World, a unit of Dubai World, has proposed repaying creditors in five years and is seeking more working capital as it tries to restructure a $2.2 bln loan facility, ending lengthy and complex debt talks.

March 10, 2012 4:55
Dubai’s Drydocks to present $2.2B debt plan next week

Dubai’s Drydocks to present $2.2B debt plan next week

Dubai's ship building unit Drydocks World, in negotiations to restructure a $2.2 billion loan facility, will present terms of the proposal to lenders on March 8, seeking to put an end to the long-drawn and complex debt talks.

March 1, 2012 1:42
Should Nakheel pay its ex-CEO his dues?

Should Nakheel pay its ex-CEO his dues?

He deserves his day in court, for sure. But does the former Nakheel CEO deserve his benefits and pay after given the company was pretty much sinking in the red?

December 20, 2011 12:59