| 01.12.2009 - Dubai World debt 'not guaranteed' by government |
| From Gulf-daily-news.com: Dubai's government yesterday said it was not responsible for the debts of its flagship conglomerate, offering little clarity on a plan to delay billions in debt repayments that has rattled world markets. Dubai last week raised fears of a second bout of global financial turmoil by asking for a six-month repayment freeze on debt issued by Dubai World and its unit Nakheel..................................Full Article: Source |