17-Mar-2010 1:02 PM

Dubai World to present USD26 billion debt restructuring plan "very soon"

Emirates CEO, President of Dubai Civil Aviation Authority and Dubai Supreme Fiscal Committee Chairman, Sheikh Ahmad Bin Saeed Al Maktoum, stated the restructuring proposal for Dubai World’s USD26 billion debt will be announced “very soon” (Bloomberg, 16-Mar-2010). In late Nov-2009, Dubai World sought a delay on debt repayment up to at least the end of May-2010.