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Sovereign Wealth Funds Briefing - Categorized | Financials

Dubai World debt plan moving in right direction

Posted on 19 March 2010

From Topnews.ae: The crisis hit Dubai World has been heading for completing its restructuring plans worth $26 billion debt according to Sheikh Ahmad Bin Saeed Al Maktoum, the Chairman of the Dubai Supreme Fiscal Committee.

He said that soon a positive outcome is coming that will help to reinstate investors confidence that was lost due to Dubai World’s failure to meet its financial obligations. He declined to further divulge the matter given to its financial importance. He said that Dubai would soon achieve its past glories and achieve new heights of growth after completing the restructuring process………………………………..Full Article: Source

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