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Email this article: Kerzner hands Atlantis the Palm to Dubai in debt restructuring
Posted: Fri April 27, 2012 11:50 pm
UAE. Kerzner sold a 50% stake in Atlantis the Palm in Dubai to resort co-owner Istithmar World, a unit of Dubai World, for US$250 million, according to a statement.
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UAE. An advisory body to the UAE government has suggested that the central bank review the country's currency peg to the U.S. dollar, but local bankers said any change to the peg remained very unlikely for the foreseeable future.
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