Dubai Group, part of an investment company controlled by the emirate's ruler, is reportedly seeking to renegotiate the terms on $10 billion in debt _ $4 billion more than previously divulged.
The disclosure highlights the serious financial challenges and problems with transparency still facing the indebted city-state despite its success in retooling the terms on $25 billion of state-linked debt.
Dubai Group has not publicly commented on the higher debt tally, which has been reported elsewhere, including by the Emirati government-owned daily The National on Tuesday.
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