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Debt restructuring: 2011 the year that was…

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Cooling firm Tabreed took its time working on a deal with its creditors to refinance the Dh5 billion dirhams it owed but finally completed its recapitalisation program on 1st April 2011. Tabreed has operations in Oman, Qatar, Saudi Arabia and the UAE and has worked on projects including Zayed Sports City, Yas Island and the Dubai Metro.

IMF sees little GDP gain from debt deal

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Dubai’s construction sector may see a bigger contraction this year than last due to the completion of large infrastructure projects such as the Dubai Metro