BUENOS AIRES: Argentina’s President Alberto Fernandez said on Saturday that talks with bondholders to restructure $65 billion of the country’s foreign debt would continue with the two sides still deadlocked over what the final offer should look like.
Fernandez, a center-left Peronist, tweeted that he and economy minister Martin Guzman continued to “dialogue in good faith” with creditors with the aim of reaching a sustainable agreement after a deadline to do so expired on Friday.
“The possibility of extending the offer continues until Monday, May 11,” he wrote. “When this term expires we will define the steps to follow. As always, our goal is to make commitments that we can meet.”
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Argentina debt deadlock remains as president signals talks go on
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Argentina debt deadlock remains as president signals talks go on
- The Argentinian president said talks with bondholders to restructure $65 billion of the country’s foreign debt would continue with the two sides still deadlocked over what the final offer should look like
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
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