Association of Islamic Banking Institutions Malaysia

Talks between the indebted conglomerate and the many creditors to whom it owes money appear to be rapidly approaching some kind of denouement. Ever since the announcement last November that Dubai World was seeking to restructure some US$26 billion (Dh95.5bn) of debts and liabilities, the conglomerate has been in de facto talks with its creditors – the 90-odd banks, international investors and trade creditors to whom it owes money. Read More