08.12.2009 - Dubai World may sell assets, cut debt, official says
From Bloomberg: Dubai World, the state-owned holding company thatís 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 Dubaiís Department of Finance and head of the government fund thatís leading the restructuring of Dubai World, said yesterday in an interview with Al Jazeera television...................................Full Article: Source
Print