Friday 07 August 2020 (UAE)

Dubai World debt

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Dubai World debt

Dubai World debt, Nakheel, bond repayment, default, standstill, restructure, Dubai Government, Dubai Holding, Abu Dhabi bailout.

Dubai World is a Dubai Government owned company which in November 2009 revealed that it had a large amount of debt and was seeking a standstill from its creditors, prompting substantial loss of investor confidence in Dubai, a substantial drop in the Dubai stock market, and a sharp increase in the number of stories in the foreign press criticising Dubai.

Dubai debt repayment timeline and history
List of banks and debts owed by Dubai World (incomplete)

Total of 73 banks (or more?) are owed money by Dubai World. Largest lenders representing about 60% of the debt include:

Other lenders include:

Nakheel
Last update Friday 04-Mar-2011. Page development 1H 2T 3D 4L 5C.
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www.dubaifaqs.com/dubai-world-debt.php (PDF and print version).

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