An investment company controlled by Dubai's crown prince is reportedly in talks with lenders to rework terms on about $1.6 billion in debt. Abu Dhabi government-owned newspaper The National reported on the talks by Zabeel Investments in its Wednesday edition, citing unnamed financial sources in Dubai.
Difficulties at Zabeel could compound Dubai's challenges as it works to sort out billions of dollars in state-linked debt. The paper says Zabeel has missed some loan repayments, and is considering seeking new terms on its debts as well as outside cash injections and possible asset sales. Zabeel officials couldn't be reached. Dubai's government media office was unable to immediately comment. *Safe Harbor Statement:* *Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.* ** *Nothing in this article is, or should be construed as, investment advice.** * ** * * ** ** -- For Anything related with Stock market be Online at http://www.niftyviews.com/ Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234 FOR TRIAL STOCK/NIFTY/OPTION CALLS You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group. To post to this group, send an email to [email protected] To unsubscribe email [email protected] for more info visit http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB . This is Not a Spam Mail. Disclaimer :- "The opinions expressed by the members on this board are based on their individual experience and perceptions and to share information with other members with the best of intentions to help fellow members in investment decisions as equity investment is a risky venture."
