Dubai proposes splitting assets to satisfy debt woes

03/12/2010 | Bloomberg

Dubai World is proposing a restructuring plan for its $26 billion in debt in which it would separate the performing assets from the nonperforming ones. "There's a lot of good business like the port business, free zone, dry dock," says Sheikh Ahmed Bin Saeed al-Maktoum, chairman of the Dubai Supreme Fiscal Committee.

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