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Dubai says no plans to restructure state firms’ debt

Dubai's government has no plans to restructure debt held by state-linked companies, although it is ready to support them through "various" refinancing options, it said on Wednesday.

December 8, 2011 9:17
 

Abu Dhabi fund names Weston Head of Alternatives

Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, said on Wednesday that it had appointed Benjamin Weston, a banking industry veteran of more than three decades, as its head of alternative investments.

December 7, 2011 12:55
 

UAE economy minister calls for steps to prevent price hikes

The UAE's economy minister called on Tuesday for measures to prevent traders and commercial outlets from hiking prices, state news agency WAM reported, in the wake of an order to ramp up wages for some government employees.

December 7, 2011 12:49
 
Dubai may use sovereign fund to repay debt

Dubai may use sovereign fund to repay debt

Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.

December 6, 2011 3:46
 
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