Dubai World
Landmark agreement signed by Dubai World and Federal Republic of Nigeria
Dubai World, one of the largest holding companies in the world, announced today that it has signed a far-reaching cooperation agreement with the Government of the Federal Republic of Nigeria for investment in a number of key sectors in the Nigerian economy. Under the cooperation agreement, Dubai Natural Resources World (DNRW) would manage the... »
Dubai World repays outstanding balance on US$1.2 billion loan facility
Last week Dubai World repaid the outstanding balance on a USD1.2 billion loan facility arranged and underwritten jointly by Royal Bank of Scotland, Credit Suisse and Deutsche Bank. While refinancing had been offered, Dubai World determined the cost of capital was not competitive and instead elected to repay the outstanding amount under the loan... »
Maritime industry protected from ravaging effects of crisis
Dubai: The maritime industry is healthy and the effects of the global financial crisis will only begin to be felt in the next two years by which time markets should recover, Sultan Ahmad Bin Sulayem, chairman of Dubai World and Dubai Ports, said at the opening of Seatrade Middle East Maritime, the regional summit... »
Hard to Quantify Crisis Impact: Dubai World
The global financial crisis will affect maritime trade across the world, but it is hard to immediately quantify the impact for the Gulf region, Sultan Ahmed bin Sulayem, Chairman of Dubai World, which owns Dubai Ports World, Customs and Free Zone Corporation, and property developers such as Nakheel, and Dubai Waterfront Company, said on... »
Dubai World reiterates commitment to energising economic development
Dubai World, one of the world’s biggest holding companies, reiterated its commitment to the economic development of the UAE, and Dubai in particular, at a conference recently hosted by Sharjah Women’s College, part of Sharjah Higher Colleges of Technology. The annual Business Conference on “E3 – Energising the Emirati Economy,” which was organised by... »
