Middle East Economic Survey
Nakheel Presents Restructuring Plans To Creditors
Nakheel, the real estate subsidiary of troubled conglomerate Dubai World, officially presented bank creditors with its proposed recapitalization and restructuring plan in a meeting on 14 July. The proposal, together with that of Dubai World, was originally submitted to a Coordinating Committee representing the two companies financial creditors in 25 March (MEES, 29 March). As is customary...