No solution in sight for Dubai world - Business - Evening Standard
       

No solution in sight for Dubai world

A resolution to the crisis at state-owned Dubai World looked further away than ever today as a meeting attended by 90 creditors made no progress.

Dubai World did not, as expected, ask creditors for a standstill on its $22 billion (£14 billion) debt.

Instead it merely gave an overview of potential ways to move forward.

Creditors were told that they should form a panel for talks to proceed.

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