Emirates NBD Expects Dubai World Debt Resolution in `Few Weeks,' CEO Says
Emirates NBD PJSC, the United Arab Emirates’ biggest bank by assets, expects a resolution to Dubai World’s debt restructuring in a “few weeks,” Chief Executive Officer Rick Pudner said in a conference call today.
Negotiations are making good progress, Pudner said. Emirates NBD is one the biggest lenders to state-owned Dubai World, which is restructuring $24.8 billion of debt.
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