Middle East Economic Survey


No 50


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...