Dubai World's debt freeze 'carefully planned'

Speculation Grows Over a Tense Rift, With Billions at...
The general director of Dubai’s department of finance said that Dubai World was “not guaranteed by the government,” and that creditors needed to take some responsibility.

Dubai World's Debt Not Guaranteed by Government
Dubai's government said it hasn't guaranteed the debt of Dubai World, the state-controlled holding company struggling with $59 billion in liabilities, and that creditors must help it...

Dubai seeks to assure markets shaken by debt move
Debt-burdened Dubai insisted that it took into account market fallout from its appeal to delay paying creditors, but offered no specifics and did little to ease worries that dragged down...

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