Middle East Economic Survey
VOL. LIII
No 13
29-March-2010
UAE
Dubai World Presents Restructuring Proposal
Dubai World has submitted a restructuring proposal for its remaining $23.51bn debt to the coordinating committee representing its financial creditors, it announced on 25 March. This will involve the injection of $9.5bn in new funding into the company and its troubled real estate subsidiary Nakheel. The plan will still need to be finalized and approved by a majority of creditors. The total...
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