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Dubai World asks for debt ‘standstill’

Wed, 2009-11-25 17:18 — IslamicFinance.de

Dubai World, a conglomerate owned by the government of Dubai, is asking its creditors for a six-month “standstill” on its obligations. Dubai World includes Nakheel, which has USD 4 bn in outstanding Islamic debt falling due next month.

Source: 

http://www.ft.com/cms/s/0/8a7a78e6-d9b9-11de-ad94-00144feabdc0.html