From Telegraph: The bondholders are waiting to hear about Dubai World’s plans to restructure $26bn (£15.7bn) of debt, including $6bn in its Nakheel property subsidiary.

Nakheel, which owns some of Dubai’s most ambitious projects, including the Palm Islands, issued over half of its debt in the form of a $3.5bn sukuk, or Islamic bond. It was the sukuk’s December 14 due date that prompted last week’s standstill announcement…………………………….Full Article: Source