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Thursday 09 September 2010
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10 Mar 2010
Dubai World negotiates US$26bn debt restructuring
BY
Luke Tuchscherer |
Dubai World, the Middle Eastern investment company, is currently negotiating a US$26bn (plus debt) restructuring plan.
The state-owned conglomerate, which owns Leisurecorp and Istithmar among many other companies, announced a six-month standstill on debt payments in November – news that rocked global markets.
The firm is in negotiations with nearly 100 creditors from the UK, UAE and Japan, but much of the debt has already been sold back into local markets, for example, last week the company had to relinquish the Times Square Hotel in New York to its lender Danske Bank, after defaulting on the US$300m mortgage.
Lenders may be forced to take “haircuts” (debt writedowns), which could be up to 40 per cent.
The UAE government has pledged its support for Dubai – in fact it helped out the emirate with US$10bn in December - but said that Dubai hasn’t actually asked for federal help as yet.
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AZA's management team describes its
rigorous accreditation process and how
its Species Survival Plan aims to protect
creatures for the next 100 years
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07 Sep 2010
New Stonehenge visitor centre to open in 2013?
The new visitor centre planned for Stonehenge in Wiltshire could open its doors by 2013 if funding can be found, according to a report in the Salisbury Journal.
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07 Sep 2010
New arrivals at world's largest chimp enclosure
Staff at Edinburgh Zoo have welcomed 11 new chimps to Budongo Trail to join the existing 11 resident chimps to create a 'super group' in the world's largest chimpanzee enclosure at Edinburgh Zoo.
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14 Sep 2010
Delivering Successful Public Events
ISPAL HQ, Reading, Theale, United Kingdom
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14 Sep 2010
Women In Tourism
University Women's Club, United Kingdom
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14 Sep 2010
The Future of Culture, Tourism and Sport
Inmarsat Conference Centre, London,
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Heritage and Leisure Business Opportunity
Location: Poole, Dorset Company:
Borough of Poole
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Southwold Pier For Sale
Location: Suffolk Company:
Christie + Co
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For Sale Freehold: Recently Refurbished Two Storey Nightclub and Bar
Location: Kingston upon Thames Company:
Bonsors Penningtons
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