Dubai World
Update on Restructuring Process
Dubai World (the “Company”) announces that it held a meeting in Dubai today with its creditor banks to present formally the proposed restructuring plan for Dubai World, which has been agreed between the Company and its Coordinating Committee of creditor banks (“CoCom”) with the support of the Government of Dubai. The meeting follows the... »
Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee
Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle with the Coordinating Committee (“CoCom”), representing the Company’s financial creditors, and the Government of Dubai on the restructuring of $23.5 Bn1 of total financial liabilities. The CoCom accounts for approximately 60% of the bank lenders. Since... »
Dubai World chairman applauds P&O Ferries
Dubai World Chairman Sultan Ahmed Bin Sulayem has congratulated P&O Ferries on its outstanding handling of the current travel crisis in Europe. P&O Ferries is a subsidiary of Dubai World owned Port and Free Zone World (P&FZ World) Mr Bin Sulayem visited P&O Ferries’ headquarters in Dover and complimented the team on its excellent... »
Dubai World Submits Restructuring Proposal to Creditors
Dubai World (“the Company”) today announces that it has presented a restructuring proposal to the Coordinating Committee representing the Company’s financial creditors on the restructuring of $23.5 billion of total financial liabilities held by Dubai World, the holding company, as at 31 December 2009. The proposed restructuring requires the agreement of Dubai World’s creditors... »
Dubai World Chairman receives high-level Chinese delegations
Team from Guangxi Province discusses potential Chinese investment in Dubai : HE Sultan Ahmed Bin Sulayem, Chairman, Dubai World, yesterday (January 21) received a high-powered delegation from China led by HE Guo Shengkum, Secretary of CPC Guangxi Committee and Chairman of the Standing Committee of Guangxi People’s Congress, where discussions included potential Chinese investment... »
Chairman HH Sheikh Ahmed Bin Saeed Al Maktoum