Nov. 26 -- A year after Dubai's corporate flagship stunned global markets with plans to freeze payments on $25 billion in loans, the emirate is struggling to reduce a total debt load more than four times that amount.
emirateDubai World's debt freeze 'carefully planned'Newsvine - business Fri, 11/27/2009 - 05:10
A top Dubai finance official said the emirate fully expected fallout from its debt problems and assured foreign creditors that Dubai World's request to postpone payment on some of its $60 billion in debt was "carefully planned." |
