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Dubai United Arab Emirates

World news about “Dubai United Arab Emirates” published by euronews.

12/01 13:56 CET

Dubai World reaches debt deal

Dubai World reaches debt deal

Dubai World has reached agreement with what's been reported as "a substantial majority" of creditors to back its 14.6 billion dollar debt restructuring. In a statement the global holding company said it had made a "voluntary arrangement notification" under legislation which the…