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Latest News

Dubai World planning to meet creditors next week

Government-owned Dubai World is planning…

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December 2, 2009 12:00 by



Government-owned Dubai World is planning to meet its main creditors next week to discuss a delay in its debt payment, reports Reuters. Standard Chartered, HSBC, Lloyds, Royal Bank of Scotland, Emirates NBD and Abu Dhabi Commercial Bank were on the creditors panel, a source told the agency.

The meeting will be the first formal gathering between the company and its lenders since Dubai announced a six-month debt standstill for Dubai World and Nakheel on November 25.



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1 Comment

  1. bob on December 5, 2009 3:53 pm

    wonder if this will lead to the third financial chaos around the world?

     

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