Financial Times FT.com

Dubai shock after debt standstill call

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.

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