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Dubai emerging market maverick Abraaj gets a lifeline [thanks to Cayman Islands]
By Kenneth Rapoza From Forbes The past 12 months weren’t great for emerging markets—but it’s been far worse for Dubai-based private equity firm Abraaj Group and its founder Arif Naqvi. Bad fortune of being in the wrong place with the wrong people…
Creditor starts legal proceedings for Abraaj restructuring
By Davide Barbuscia From Reuters DUBAI (Reuters) – A creditor of Dubai-based Abraaj has started legal proceedings in the Cayman Islands seeking the restructuring of the private equity firm’s liabilities. Auctus is the second creditor, after Kuwait’s Public Institution for…
