Middle East Economic Survey
VOL. LII
No 50
14-Dec-2009
MEES Agenda
Creditor Clash Expected On Dubai Debt
Following Dubais request for a six-month standstill and $26bn restructuring of Dubai World and Nakheel debt, an eleventh hour solution to the crisis remained a possibility. MEES soundings indicated that many debt holders still expected either the Dubai government or the federation (read Abu Dhabi) to pay the $3.5bn due on Nakheel bonds, if not by the 14 December deadline, then within the...
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