| From Businessweek.com: The ruler of Dubai hit out at international investors yesterday as his government's impecunious investment vehicle revealed plans to restructure $26bn of its debts. Sheikh Mohammed al-Maktoum said: "They do not understand anything."
The Gulf city-state's problems began last week when the highly leveraged Dubai World requested a standstill agreement on a $3.5bn (£2.1bn) bond issued by its Nakheel real estate subsidiary which was due in mid-December.................................Full Article: Source
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