One of the emirate’s largest investment companies, state-owned Dubai World, has asked for a delay on repaying its US$60 billion debt until at least May. The company’s real estate arm, Nakheel – whose projects include the palm-shaped islands in the Gulf – shoulders the bulk of money due to banks, investment houses and outside development contractors.
This has added to fears among investors that have existed for some time since the recession hit, over the financial health of Dubai. But it gets even worse.
Source : busmanagementme.com
Related posts:
The 2012 Visual Budget [Infographic]
How Green Is Your Internet? [Infographic Video]
Interactive - Afghanistan War
The Guide To Movie Ratings [Infographic]
What Industries Contributed to Google's $37.9 Billion in 2011 Revenues? [Infographic]
Comparing the 1908, 1948 and 2012 London Olympics [Infographic]
An Online Video Marketing Boom [Infographic]
The Most Shipped Items by Weight and Value - USA
The History of Money
Safest and Most Dangerous Cars on the Road [Infographic] according to Collision Insurance