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Dubai World to receive $9.5 billion in government aid
Posted on June 13th, 2018 by SjUpgvHH
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Thursday, March 25, 2010
The government of Dubai announced that it intends to provide $9.5 billion to Dubai World to allow the government-owned investment company to restructure its debt.
The announcement comes as part of Dubai World’s plan to restructure more than $23 billion of debt, including converting nearly $9 billion of debt into equity, after its collapse last fall. The package includes $8 billion of funding to Nakheel, Dubai World’s real estate subsidiary, as well as $1.5 billion to Dubai World as a whole. The restructuring plan also seeks to, within eight years, repay all of Dubai World’s creditors.
According to the government of Dubai, $5.7 billion of the aid was from a former $10 billion loan to Dubai World, with the remainder being internally funded. The plan would transfer ownership of Nakheel, formerly a subsidiary of Dubai World, to the direct control of the Dubai government.
Response to the deal was largely positive, with one analyst saying the move “boosts sentiment because this is a strong commitment.” Christopher Davidson, author of books on Dubai and Abu Dhabi, said that while the new funding would “keep the wolves outside the gates a little longer,” the government could not be the sole funder of Dubai World and Nakheel.
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New ring discovered around Saturn, could explain dark side of its moon
Posted on June 13th, 2018 by SjUpgvHH
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Wednesday, October 7, 2009 Astronomers have found a huge new ring around the planet Saturn. The faint dust ring extends up to 7.4 million miles (12 million km) from the planet and could fit over a billion Earths inside it, making it the largest in the Solar System. It could also solve a mystery about […]
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Edmund White on writing, incest, life and Larry Kramer
Posted on June 13th, 2018 by SjUpgvHH
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Thursday, November 8, 2007 What you are about to read is an American life as lived by renowned author Edmund White. His life has been a crossroads, the fulcrum of high-brow Classicism and low-brow Brett Easton Ellisism. It is not for the faint. He has been the toast of the literary elite in New York, […]
Posted on June 13th, 2018 by SjUpgvHH
Filed under Performing Arts |
Here’s An Opinion On: Sydney Film Academy Acting Classes Sydney Guide To Learn Selenium Basics For Freshers by Infocampus Experienced Selenium experts you also can participate in this arrangement by giving responses to the peruser’s inquiries in remarks. This is one of our genuine push to enable you to learn and ace a standout amongst […]
">Canada’s Toronto Centre (Ward 28) city council candidates speak
Posted on June 12th, 2018 by SjUpgvHH
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Saturday, November 4, 2006 On November 13, Toronto residents will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Toronto Centre (Ward 28). One candidate responded to Wikinews’ requests for an interview. This ward’s candidates include Howard Bortenstein, Holly Cartmell, Baquie Ghazi, Connie Harrison, Yaqoob Khan, […]
">Tokelau voters reject self-rule
Posted on June 12th, 2018 by SjUpgvHH
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Thursday, February 16, 2006 The people of Tokelau have rejected greater independence from New Zealand in a referendum held this week. 60% of the eligible voters voted “yes” to become an independent state in free association with New Zealand, but this failed to reach the two thirds support required to take effect. The turnout for […]
">Wikinews interviews painter Pricasso on his art and freedom of expression
Posted on June 12th, 2018 by SjUpgvHH
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This article mentions the Wikimedia Foundation, one of its projects, or people related to it. Wikinews is a project of the Wikimedia Foundation. Monday, October 12, 2015 Wikinews interviewed Australian painter Pricasso on his unique artwork created using his penis, and how his art relates to freedom of expression and issues of censorship. He is […]
">Honda Civic tops Canada’s list of most stolen cars
Posted on June 12th, 2018 by SjUpgvHH
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Wednesday, November 22, 2006 The 1999 and 2000 year model Honda Civic SiR tops the list of Canada’s most stolen cars. Consumer popularity also assures the cars will be popular with thieves. Its the second year in a row the Honda SiR has topped the list. Rick Dubin Vice President of Investigations for the Insurance […]
">Chemical plant fire decimates Danvers, Massachusetts neighboorhood
Posted on June 12th, 2018 by SjUpgvHH
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Wednesday, November 22, 2006 According to outgoing Massachusetts governor Mitt Romney, an explosion that was “equivalent to a 2,000 lb. bomb” and registered 0.5 on the Richter scale decimated an area of Danvers and is also a “Thanksgiving miracle.” The explosion occurred around 2:45 am EST, this morning in the Danversport area of Danvers, Massachusetts […]
">Ontario Votes 2007: Interview with Communist Party candidate Shona Bracken, Toronto Danforth
Posted on June 12th, 2018 by SjUpgvHH
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Sunday, October 7, 2007 Shona Bracken is running for the Communist Party in the Ontario provincial election in Toronto—Danforth. Wikinews interviewed her regarding her values, her experience, and her campaign.