We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

The camel's carrot

30 March 2010 By Una Galani

The emirate needs the consent of lenders before it can take full ownership of property unit Nakheel, a move it sees as vital to protecting the local economy. That gives Dubai World’s creditors leverage in negotiating a better restructuring deal. They may have some success.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)