Dubai World Restructures USD23.5 Billion

Category: Real estate, Posted:04 Jun 2010 | 06:00 am

Yes that's billions and not millions as troubled Middle East conglomerate Dubai World has reached an agreement for the restructuring of USD23.5 billion in debt.
Part of the package includes conversion of UDD8.9 billion into equity in property arm Nakheel who has been hit hard by the global real estate slowdown.
At the heart of the deal remains a bail out initiative by Government led banks in Abu Dhabi followed by a number of global banking institutions.

Other News

Asia Pacific’s Premier Branded Residences Event Coming 25th June in Bangkok

Category: Hotels|Real estate, Posted:02 Jun 2025 | 09:30 am Join us for the inaugural Branded Residences Forum Asia 2025, the first and largest event in Asia Pacific dedicated exclusively to the branded residences sector. Organized by Bench Events and C9 Hotelworks, this landmark forum will bring together top developers, hotel brands, investors, and industry leaders shaping the future of branded real estate. Taking place […]

C9 Sessions Traveling to Koh Samui For Tourism, Hotel & Property Market Update

Category: Hotels|Real estate|Tourism, Posted:23 May 2025 | 15:34 pm Join us for a dynamic 90-minute learning session about Koh Samui’s Tourism, Hotel, and Property Market. Gain valuable insights into the latest numbers, trends, and outlook in this fast-paced, in-depth session presented by C9 Hotelworks. What to Expect: A comprehensive overview of the current market landscape and forward-looking outlook from C9 Hotelworks Key data on […]

Thailand’s Spiritual Travel Boom: A New Path for Wellness and Cultural Discovery

Category: Hotels|Tourism, Posted:20 May 2025 | 11:08 am The report Spiritual Travel Thailand by C9 Hotelworks and Guestasy explores the growing trend of spiritual travel, emphasizing Thailand’s rising role as a global hub for this niche yet rapidly expanding segment of tourism. Driven by rising mental health awareness and a collective yearning for purpose, particularly among Gen Z and Millennials, spiritual travel is […]

More Insider News