Friday, July 30, 2010

Dubai World deal today could trigger major gains

A core group of banks has already agreed broad terms for a restructuring deal under which billions of dollars of Dubai World loans will be repaid over five to eight years at interest rates of between 1 and 3 per cent."All the news over the past couple of weeks has signalled Dubai World will reach a final resolution with banks, so that outcome is already priced in," said Marwan Shurrab,

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