| 14.10.2009 - Dubai World strains to grapple with $80bln debt |
| From Ftd.de: Dubai World, the state owner of troubled developer Nakheel, is trying to persuade bank creditors to restructure up to $12bn of its loans, an indication that the emirate is starting to grapple with the challenge of unravelling its $80bn-plus debt pile. Hit hard by the credit crisis, Dubai is showing signs of recovery on global economic optimism, last month launching the Arab Gulf states' first metro system.......................Full Article: Source |