Dubai World

Dubai World's debt restructuring gets 100 pct creditor backing

State-owned Dubai World has received backing from all its creditors for a $14.6 billion restructuring plan, a court heard on Sunday, paving the way for the deal to be formally approved by May.

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Dubai World's $14.6 billion restructuring deal has majority creditor support

Dubai World has reached agreement with a "substantial majority" of creditors to back its $14.6 billion debt restructuring, the state-owned conglomerate said on Monday, putting the emirate on track to clear the last big hangover from a debt crisis.

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Dubai World subsidiary exits 50% stake in landmark hotel Fontainebleau Miami Beach

Istithmar World, a subsidiary of state-owned conglomerate Dubai World, has sold its 50% stake in Fontainebleau Miami Beach to Florida-based developer Turnberry Ltd. for an undisclosed sum.

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Dubai state fund acquires Atlantis hotel for undisclosed sum

Dubai state fund Investment Corp of Dubai (ICD) announced on Thursday that it has purchased the Atlantis hotel from a Dubai World unit for an undisclosed amount.

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Istithmar World appoints new CEO

Istithmar World announced the appointment of Ziad Makkawi as its new CEO.

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DP World Extends Maturity Date of US$1BN Loan

DP World, because of favorable market terms, was able to extend its revolving credit facility.

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