Dubai World, which is one of emirate's three major government owned investment companies that announced last month it is going to delay paying back its debt until at least May 30, today, three bankers that were present at a presentation yesterday, said that the company will offer an idle offer to financial institutions in early January regarding restructuring nearly $22 billion of its debt.
The government of Dubai after the meeting yesterday said that is promising financial aid "to cover working capital and interest expenses to ensure the continuity of key projects", the aid will be provided if the idle offer to banks is presented.
The government of Dubai after the meeting yesterday said that is promising financial aid "to cover working capital and interest expenses to ensure the continuity of key projects", the aid will be provided if the idle offer to banks is presented.