Gulf News reports that the Dubai Government has announced the appointment of a Chief Restructuring Officer for Dubai World (Aidan Birkett of Deloitte).
A bit further down is the more depressing news: Dubai World is asking for a standstill on debt repayments until 31 May 2010.
Here's Khaleej Times report.
Just what is it they're humming down there?
Thursday, 26 November 2009
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