| From Bloomberg: Dubai World, the state-owned holding company that’s in talks to renegotiate $26 billion of debt, may sell assets in the United Arab Emirates and abroad to repay its borrowings, a government official said.
Asset sales are normal to shore up finances in such circumstances, Abdulrahman Al Saleh, director general of Dubai’s Department of Finance and head of the government fund that’s leading the restructuring of Dubai World, said yesterday in an interview with Al Jazeera television..................................Full Article: Source
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