Dubai has shocked investors by asking for a debt standstill at Dubai World, the government’s flagship holding company that has developed some of the world’s most extravagant real estate projects.
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By Simeon Kerr in Dubai and Jennifer Hughes in London
Published: November 25 2009 20:48 | Last updated: November 25 2009 22:29
Dubai has shocked investors by asking for a debt standstill at Dubai World, the government’s flagship holding company that has developed some of the world’s most extravagant real estate projects.