Emirate State company asks for delay in debt payments

Dubai's main investment company has asked creditors for a six-month delay on repaying its debts.

Emirate State company asks for delay in debt payments
Thu, 26 Nov, 2009 - 07:05

Dubai's main investment company has asked creditors for a six-month delay on repaying its debts.

The government-owned Dubai World has total debts of around €14.6bn as a result of the credit crunch.

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