DUBAI: Dubai Group, an investment vehicle owned by the emirate's ruler, aims to secure a final agreement with creditors on its US$10 billion debt restructuring by June 6, potentially ending marathon negotiations that have dragged on nearly three years.
Dubai Group, a unit of Dubai Holding, the investment arm of Sheikh Mohammed bin Rashid al-Maktoum, was hit hard by the global financial crisis in 2008 as asset values tumbled, exposing its use of leverage.
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