From Thenational.ae: HSBC is ready to agree to Dubai World’s debt restructuring proposals, the bank’s regional chairman said yesterday, sending the strongest signal yet of a positive response from the conglomerate’s international lenders.

The 97 creditor banks of Dubai World are expected to discuss the proposals in the coming weeks under the leadership of a seven-member co-ordinating committee (CoCom), which is overseeing the restructuring……………………………….Full Article: Source