Middle East Economic Survey


No 30


Dubai World Sees Debt Restructuring Resolution In Coming Months

Dubai World said that it expects to complete its debt restructuring in the coming months, after presenting the $23.5bn plan to its wider group of creditors on 22 July. The proposal had already been agreed on 20 May by its coordinating committee of seven creditor banks, which hold 60% of the debt by value.

The company stressed that the session was informal and no resolution was...