| 22.12.2009 - Dubai World 'total debt $40bln; standstill in Jan' |
| From Tradearabia.com: Dubai World, faced with a $22 billion debt restructuring, told creditors it had $40 billion in total debts and will pitch a standstill proposal in mid-January, a banking source said on Monday. Dubai's flagship conglomerate outlined its financial position to creditors, as it seeks to restructure debt linked to itself and main property units, Nakheel and Limitless World........................................Full Article: Source |