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Wealth and Asset Management
Exclusive: Dubai's Zabeel Investments' $1.6 billion debt talks
Debt restructuring talks at Zabeel Investments, owned by the crown prince of Dubai, have ground to a halt with multiple loans in limbo and few assets available for sale, leaving banks facing steep haircuts, five people familiar with the matter said. Zabeel, which has hospitality, property and private equity assets,…
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Click here to read the full story: Reuters