Showing posts with label real estate crisis. Show all posts
Showing posts with label real estate crisis. Show all posts

Monday, December 21, 2009

Dubai World to meet lenders over debt restructuring














DUBAI: Dubai's heavily-indebted group, Dubai World, will hold talks on Monday with its creditors to reach an agreement over its request to restructure 22 billion dollars in debt, local media reported.
 
Representatives of at least 90 creditors will be taking part in the Dubai meeting, with the first aim being to name a coordinating committee to represent the creditors, The National newspaper said.