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WELCOME TO ALGEBRA CAPITAL |
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Dec. 14 (Bloomberg) -- Mohieddine Kronfol, managing director at Algebra Capital Ltd., talks with Bloomberg's Francine Lacqua about Abu Dhabi's decision to provide $10 billion to help Dubai World meet its obligations. The sum includes $4.1 billion needed to repay an Islamic bond maturing today for the real-estate unit Nakheel PJSC. Dubai will use the rest of the money to pay Dubai World’s contractors, suppliers, interest and operating costs until the company reaches a standstill
agreement with its creditors, Dubai's government said.
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