Dubai Group nearing a debt deal
)According to Yallafinance website, Dubai Group, part of a conglomerate owned by the emirate's ruler, is nearing a debt deal with its lenders and an agreement may be signed within the second quarter, ``We are at the final stages.
State-owned Dubai World will meet its main creditors later on Monday to discuss its request to delay repayment of $26 billion that shook global markets and confidence in the Gulf business hub, bankers said.