Dubai wobbles as more firms plan debt restructuring
China Daily | Updated: 2009-12-09 07:58
|
Construction continues on villas, as high rise developments stand in the background, in Dubai. Dubai World may sell assets in the United Arab Emirates and abroad to repay its borrowings. Bloomberg News |
NEW YORK: Debt restructuring by Dubai state-run companies may almost double to $46.7 billion as more of the emirate's businesses could need help making payments, Morgan Stanley said.
Photo
