One year at a time as Dubai wrestles its debt - The National

The 2010 restructuring of Dubai World went a long way towards solving the emirate's deficit problems, but perhaps not far enough. There is still much work to be done, Frank Kane writes

A fundamental question is being increasingly posed in the convoluted saga of Dubai's attempts to manage its debt problems:

Just how good was the 2010 restructuring deal that "fixed" some US$25 billion (Dh91.82bn) of liabilities owed by Dubai World, the emirate's most indebted government-related enterprise.

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