Dubai World seeks $22 bln debt freeze in Feb

* username: rupertbu

State-linked indebted conglomerate Dubai World intends to officially ask creditors for a standstill on $22 billion in debt this month, until it completes restructuring, an Arabic-language daily said on Wednesday.

Citing banking sources in creditor banks, UAE's Al Ittihad said restructuring might require a period of six months.

"This important step by Dubai World this month will represent the most significant transitional phase in the group's negotiations with creditors," sources told the paper.