Dubai World shakes up management - The National Newspaper

The shake-up of the senior management structure of Dubai World, the conglomerate restructuring US$23.5 billion (Dh86.31bn) of debt, continued with the handing over of responsibility for the developer Limitless to its sister company Nakheel.

It has also appointed a new board at Economic Zones World (EZW), its free zones operator.

The reorganisation follows a similar rejig at Nakheel and does not affect the terms of the financial restructuring package being put together by Dubai World. Limitless remains excluded from the financial restructuring.