| From Indiatimes.com: Debt-ridden Dubai World is mulling over four options to repay its USD 59 billion credit and liabilities, media here reported. One of the options being considered by advisers to the conglomerate, is the on-schedule (December 14) repayment of the $4 billion payment of a sukuk (Islamic bonds) from Nakheel(real estate arm), the National said.
Dubai World seeking an extension to repay its multi-billion debt till May 2010 has sent world stocks on a tailspin and has raised alarms in the financial world.................................Full Article: Source
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