Lloyds and RBS Sell Before $14.6 Billion Dubai World Restructure
Since 2011 the Dubai economy, home to the world’s tallest man-made structure Burj Khalifa, has been accumulating steam. The economic environment wasn’t always rosy for Dubai. State-owned Dubai World was at the core of the Dubai debt fiasco of 2009. Dubai World has ownership stakes in companies such as DP World Ltd. and shipyard Drydocks World LLC.
Debt Restructure and Sell Off
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