Dubai World's latest board of directors got together for the first time yesterday to start reconfiguring the government-owned company following a debt worth US$24.9 billion (Dh91.45bn) for the restructuring pact this year.
The DIFC governor alleged that there is no offer made by Abu Dhabi to buy Dubai financial services property. This also includes the Dubai International Financial Center (DIFC) meant for $1.5 billion.
Ahmed Humaid al-Tayer said that there are no such offers from Abu Dhabi. And also there is no topic regarding the sell.
The latest data has reported that there is arise in number of financiers which bring them to invest in Dubai. The Dubai Chamber of Commerce and Industry has made accessible.
To be able to provide more financial literacy to the people, the government of Abu Dhabi has decided that it will campaign about savings and investment. It has already launched such a campaign and the main idea is to give the people ideas so that they can look after their savings and investments more prudently.
For the troubled conglomerate, Dubai World there were new signs of hope since there has been a reshuffle in its board. That may have been true totally but for the fact that some of the people are unhappy since many of their questions are going unanswered.
Many have also supported the fact that some of the best business minds in Dubai have been put into the board, the step that has been welcomed by the financial market.
‘Mamlakaty’ mortgage has been started by Abu Dhabu Finance. The offer is for providing private finance for helping in construction of new private villas in Emirate of Abu Dhabi. The money is going to be given for construction and not buying of the villas.
The financial centre of Dubai has reduced rents by two-thirds in an attempt to make the district more attractive with the amount of available office space increasing in the next two years.
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