Maersk Sealand Company Information, Contact, Address, Website, Phone Number, Latest News - Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More

A general view of CityCenter including Crystals (front), the projects retail and entertainment district, Las Vegas, Nevada. (Getty Images)

Dubai World, MGM sell Las Vegas luxury mall

by Staff writerSun 20 Mar 2016Wed 3 Nov 2021

The mall is part of a $8.5bn development that suffered funding setbacks during the property bust in 2009

Royal Bank of Scotland

Banking & Finance

Lloyds, RBS said to sell Dubai World debt before $14.6bn deal

by Staff Writer Thu 19 Mar 2015Wed 3 Nov 2021

(Getty Images)

Americas, Construction, Construction, GCC, Industries, Middle East, Travel & Hospitality, Travel & Hospitality

Dubai-owned Las Vegas casino settles $500m lawsuit over defective tower

by Staff Writer Thu 18 Dec 2014Tue 9 Nov 2021

Banking & Finance, Banking & Finance, Europe, GCC, Middle East

Dubai World debt deal receives 70% creditor agreement

by Staff Writer Tue 2 Dec 2014Tue 9 Nov 2021

Banking & Finance, Banking & Finance, Europe, GCC, Middle East

Dubai World said to set meetings to put new deal to all creditors

by Staff Writer Thu 27 Nov 2014Tue 9 Nov 2021

Sheikh Ahmed bin Saeed al-Maktoum.

Banking & Finance, Banking & Finance, GCC, Middle East

Dubai World debt restructuring deal expected soon

by Staff Writer Sun 21 Sep 2014Tue 9 Nov 2021

Banking & Finance, Banking & Finance, GCC, Middle East

Dubai World said to repay $300m early to creditors

by Staff Writer Thu 3 Jul 2014Tue 9 Nov 2021

Sheikh Ahmed bin Saeed Al Maktoum was appointed chairman of Dubai World in December 2010.

Banking & Finance

Dubai World hires Blackstone to look at debt options

by Staff Writer Thu 3 Apr 2014Wed 3 Nov 2021

The World, Nakheel

Bourses expect gain on Dubai World debt optimism

by Staff Writer Tue 1 Apr 2014Wed 3 Nov 2021

Banking & Finance

Dubai World may make more early debt payments

by Staff Writer Mon 31 Mar 2014Wed 3 Nov 2021

Atlantis Hotel, Dubai

Banking & Finance

Dubai World prepays $284.5m to creditors – sources

by Staff Writer Wed 5 Mar 2014Wed 3 Nov 2021

Atlantis Hotel, Dubai

Dubai’s Atlantis hotel sold off

by Staff Writer Thu 5 Dec 2013Wed 3 Nov 2021

Dubai World is involved in a joint venture with MGM Resorts International at the $8.5bn CityCenter project on the Las Vegas Strip

Buyers eye stake in Dubai-backed Vegas casino

by Staff Writer Thu 21 Feb 2013Wed 3 Nov 2021

The Queen Elizabeth 2 was bought in 2007 by Istithmar, the investment arm of the state-owned Dubai World, for a reported $100m

Sold down the river?

by Staff Writer Sun 13 Jan 2013Wed 3 Nov 2021

Banking & Finance

UAE government firms’ debt refinancing ‘a challenge’ – IMF

by Staff Writer Sun 20 May 2012Wed 3 Nov 2021

DP World, the most profitable arm of the Dubai World group of companies, was ringfenced from its parent’s restructuring.

Banking & Finance

Will insolvency proceedings leave Drydocks World high and dry?

by Staff Writer Sun 15 Apr 2012Wed 3 Nov 2021

HH Sheikh Mohammed bin Rashid al-Maktoum, Ruler of Dubai and Vice-President of the UAE

Banking & Finance, Culture & Society, Culture & Society, GCC, Middle East, Politics, Politics & Economics

Dubai’s ruler plays down fears of nuclear Iran

by Staff Writer Tue 6 Dec 2011Tue 9 Nov 2021

State-owned Dubai World has restructured $25bn of debt, but may yet sell off prized assets such as DP World

Banking & Finance

Rocky path seen ahead for Gulf debt restructurings

by Staff Writer Thu 20 Oct 2011Wed 3 Nov 2021

CityCenter Holdings is a joint venture between MGM Resorts International and Dubai World subsidiary Infinity

Americas, Construction, Construction, GCC, Industries, Middle East

Dubai-backed casino operator to demolish defect tower

by Staff Writer Thu 18 Aug 2011Tue 9 Nov 2021

Kerzner built the Atlantis resorts in Dubai and the Bahamas

Banking & Finance

Atlantis developer in talks over $2.78bn of mortgages

by Staff Writer Wed 17 Aug 2011Wed 3 Nov 2021

CityCenter Holdings is a joint venture between MGM Resorts International and Dubai World subsidiary Infinity World Development Corp

Travel & Hospitality

Dubai-linked MGM Resorts rides Vegas boom to profit

by Staff Writer Tue 9 Aug 2011Wed 3 Nov 2021

The Palm, Nakheel

Dubai World shifts Nakheel, Limitless ownership to gov’t

by Staff Writer Wed 6 Jul 2011Wed 3 Nov 2021

(Getty Images)

Bonds

Dubai creditworthiness still fragile in eyes of investors

by Staff Writer Wed 15 Jun 2011Wed 3 Nov 2021

Nakheel nets funding for Jumeirah Golf Estates

by Staff Writer Mon 13 Jun 2011Sat 13 Nov 2021

Culture & Society, Culture & Society, GCC, Middle East

Briton extradited to Dubai to face fraud charges

by Staff Writer Mon 13 Jun 2011Sat 13 Nov 2021

Africa, Banking & Finance, Culture & Society, Culture & Society, GCC, Middle East, Property, Real Estate, Real Estate

Dubai World in fee row over Cape Town V&A sale

by Staff Writer Thu 9 Jun 2011Sat 13 Nov 2021

Nakheel’s inability to meet its obligations left it with billions of dirhams in unpaid bills to contractors and suppliers

Nakheel sees trade creditor debt deal within weeks

by Staff Writer Sun 22 May 2011Tue 2 Nov 2021

DP World raised $4.96bn in the Middle East’s biggest initial public offering in November 2007

DP World LSE listing may prompt Dubai stake sale

by Staff Writer Thu 12 May 2011Wed 3 Nov 2021

DP World raised $4.96bn in the Middle East’s biggest initial public offering in November 2007

DP World to lists shares in London by early June

by Staff Writer Wed 11 May 2011Wed 3 Nov 2021

The UAE could be in line to host golf’s prized Ryder Cup tournament, Colin Montgomerie said

Industries Sport

UAE could host Ryder Cup, says Montgomerie

by Staff Writer Tue 19 Apr 2011Tue 2 Nov 2021

Herve Jaubert, the ex-CEO of Dubai World subsidiary Exomos

Americas, Culture & Society, Culture & Society, Middle East

Submarine fraudster stole millions, Dubai World tells US court

by Staff Writer Wed 16 Feb 2011Tue 9 Nov 2021

Istithmar sells stake in Cape Town’s V&A in $1.33bn deal

by Staff Writer Tue 15 Feb 2011Sat 13 Nov 2021

Nakheel, famous for manmade islands shaped like palms, is on track to issue a $1.63bn Islamic bond in the first quarter

Nakheel’s debt deals not affected by legal woes

by Staff Writer Fri 28 Jan 2011Tue 2 Nov 2021

US CITYCENTRE: Dubai World is involved in a joint venture with MGM Resorts International at the $8.5bn CityCenter project on the Las Vegas Strip (Getty Images)

Cash worries persist for Dubai World’s CityCenter casino

by Staff Writer Wed 26 Jan 2011Tue 9 Nov 2021

Drydocks World is entering into discussions to amend the terms of its core syndicated debt facility

Banking & Finance

Dubai World unit agrees to $200m credit facility amid debt talks

by Staff Writer Sat 22 Jan 2011Wed 3 Nov 2021

Dubai World forecasts recovery in areas including ports and free trade zones

Banking & Finance

Dubai World sees improving profitability

by Staff Writer Mon 17 Jan 2011Wed 3 Nov 2021

Dubai World unit Nakheel was at the heart of its parent companys debt woes

Banking & Finance

Dubai World $24.9bn debt deal is ‘template’ for Gulf, says advisor

by Staff Writer Mon 17 Jan 2011Wed 3 Nov 2021

CityCenter Holdings is a joint venture between MGM Resorts International and Dubai World subsidiary Infinity World Development Corp

Banking & Finance

Dubai World’s CityCenter casino sells $1.5bn of debt

by Staff Writer Sun 16 Jan 2011Wed 3 Nov 2021

ON SALE: Aldar will sell its glitzy Ferrari World theme park to help meet looming debt obligations

Construction, Construction, Property, Real Estate, Real Estate

Abu Dhabi steps in with $5.2bn support for Aldar

by Staff Writer Fri 14 Jan 2011Tue 9 Nov 2021

DEBT WOES: Dubai and its state owned companies have $17.5bn of debt falling due this year, $17bn in 2012, $9.7bn in 2013 and $26bn in 2014

Politics & Economics

Dubai overall debt at least $129.3bn, Credit Suisse says

by Staff Writer Fri 14 Jan 2011Wed 3 Nov 2021

Nakheel is a unit of indebted conglomerate Dubai World

Nakheel verdict ‘will set precedent’, says lawyer

by Staff Writer Tue 28 Dec 2010Wed 3 Nov 2021

DUBAI ASSETS: Among Dubai’s most prized domestic assets are Emirates Airline, hotel operator Jumeirah Group, Dubai Maritime City and Jebel Ali Free Zone

Banking & Finance, Opinion, Politics, Politics & Economics

Dubai asset sales pick up as $20bn debt comes calling

by Staff Writer Thu 23 Dec 2010Tue 9 Nov 2021

Sheikh Mohammed bin Rashed al-Maktoum, Ruler of Dubai and Prime Minister of the United Arab Emirates

Politics & Economics

Dubai sends message with Dubai World reshuffle

by Staff Writer Wed 15 Dec 2010Wed 3 Nov 2021

PIC aims to buy Cape Town’s V&A; Growthpoint in talks

by Staff Writer Tue 14 Dec 2010Sat 13 Nov 2021

Politics & Economics

UPDATE: Dubai ruler names Sheikh Ahmed Dubai World chairman

by Staff Writer Sun 12 Dec 2010Sat 13 Nov 2021

Istithmar sells stake in Cape Town project

by Staff Writer Sun 12 Dec 2010Sat 13 Nov 2021

Dubai’s Islamic bonds led a rebound in Arabian Gulf sukuk last week, ending the worst stretch of losses in 10 months. (ITP Images)

Sukuk

Dubai sukuk rally on S&P review, Qatar World Cup bid

by Staff Writer Sun 12 Dec 2010Wed 3 Nov 2021

Dubai and its companies have been climbing out of a $100 billion debt hole over the past year(Getty Images)n

Banking & Finance

UAE banks directed to book Dubai World provisions

by Staff Writer Fri 10 Dec 2010Wed 3 Nov 2021

Lower Gulf demand hampers Jordan property rebound

by Staff Writer Fri 10 Dec 2010Sat 13 Nov 2021

Politics & Economics

Dubai mulls privatisation plan to avert debt

by Staff Writer Mon 29 Nov 2010Sat 13 Nov 2021

Banking & Finance, Banking & Finance, Construction, Property, Real Estate, Real Estate

Dubai may consider selling shares in its biggest assets

by Staff Writer Sun 28 Nov 2010Sat 13 Nov 2021

New York shopping

Americas, Middle East, Retail, Retail

UPDATE: Istithmar in $25m debt deal for US retailer Loehmann’s

by Staff Writer Mon 15 Nov 2010Tue 9 Nov 2021

Loehmanns is owned by Dubai investment group Istithmar, a unit of Dubai World

Dubai World-owned US retailer may file for bankruptcy

by Staff Writer Thu 4 Nov 2010Wed 3 Nov 2021

Dubai World is involved in a joint venture with MGM Resorts International at the $8.5bn CityCenter project on the Las Vegas Strip

Travel & Hospitality

Dubai World’s Vegas partner sees $318m loss in Q3

by Staff Writer Thu 4 Nov 2010Wed 3 Nov 2021

DUBAI PORT: The world’s fourth largest port operator, DP World is part owned by Dubai World

DP World outlook changed to ‘positive’ at Moody’s

by Staff Writer Tue 2 Nov 2010Wed 3 Nov 2021

DUBAI DEAL: Nakheel has said it hoped to settle claims with its trade and financial creditors by the end of 2010.(Getty Images)n

Banking & Finance, Banking & Finance

KPMG sees Dubai debt talks dragging on

by Staff Writer Sun 10 Oct 2010Tue 9 Nov 2021

BONDS ADVANCE: Islamic bonds are poised to advance for the fourth straight quarter, and post their longest stretch of gains since 2007. (Getty Images)

Banking & Finance, Markets, Sukuk

Sukuk poised for best run since 2007 on demand

by Staff Writer Fri 1 Oct 2010Tue 9 Nov 2021

ASSETS VALUED: JPMorgan Chase has valued Dubai Worlds assets at $11 billion. (Getty Images)

UAE

JPMorgan Chase values Dubai World assets at $11bn

by Staff Writer Fri 17 Sep 2010Wed 3 Nov 2021

DUBAI WORLD: Last week Dubai World received approval from creditors to alter the terms on $24.9 billion of debt. (Getty Images)

Construction, Construction

JPMorgan raises Dubai World debt fair value

by Staff Writer Thu 16 Sep 2010Tue 9 Nov 2021

DEBTS DEAL: Aurelius Capital is the only creditor out of more than 70 not to have cast a vote by a Sept. 9 deadline set by Dubai World to reply to its proposal. (Getty Images)

Construction, Construction

Aurelius Capital may approve Dubai World proposal – paper

by Staff Writer Wed 15 Sep 2010Tue 9 Nov 2021