Middle East Economic Survey
Dubai Announces Restructuring At Dubai World, Seeks Six-Month Debt Standstill
The Government of Dubai took investors by surprise on 25 November by announcing the restructuring of Dubai World, the governments flagship holding company, and calling for a creditor standstill. As a first step of the restructuring, the government will request all providers of financing to Dubai World and Nakheel one of Dubai Worlds subsidiaries to extend debt...
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