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1MDB twists

UAE sovereign wealth fund pulls support for 1MDB

It says 1MDB is in default of its debt obligations, including the payment of US$1.1b plus interest

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The United Arab Emirates' International Petroleum Investment Company (IPIC) said it had terminated an agreement to provide financial support to 1MDB following the latter's failure to meet its debt obligations, including the payment of US$1.1 billion plus interest, which it said was now in default.

Kuala Lumpur

THE United Arab Emirates' International Petroleum Investment Company (IPIC) said it had terminated an agreement to provide financial support to 1MDB following the latter's failure to meet its debt obligations, including the payment of US$1.1 billion plus interest, which it

sentifi.com

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