| 21.05.2010 - Dubai World, lenders agree on a deal to restructure debt |
| From Indiatimes.com: Dubai World, whose default fears had rocked global markets, on Thursday said it reached agreement "in principle" with most of its bank lenders to restructure some $23.5 billion in debt. The agreement still needs the backing of other lenders but appears to give the heavily-indebted Dubai some breathing space in dealing with the obligations of its state firms............................................Full Article: Source |