Skip to main content

noComment
Dubai disappoints on debt

Dubai disappoints on debt

21/12/09 19:52 CET

economy

| |

Debt-ridden conglomerate Dubai World has disappointed its creditors by making little progress on securing standstill on its 15 billion euros of debt.

At a key creditor meeting, a banking source said Dubai World had told dozens of international and Gulf region banks it doesn’t expect to need to file for bankruptcy and would give details of the standstill proposal in mid-January.

More about: ,

Copyright © 2012 euronews

| |

Login

Please enter your login details

Join the euronews community

By joining euronews’ community , you can participate to U talk and I talk and subscribe to our newsletters.
Please note: All fields are required