Embed code
Copy the embed code below and paste it into your blog or webpage.
| Follow live market commentary on Facebook. Click here |
Dubai will attempt to reassure markets and investors on Monday on how it plans to restructure its beleaguered conglomerate Dubai World after it requested a shock standstill from bondholders for a $3.5 billion bond maturing on Dec 14.
The lack of clarity and the prospect of bondholders rejecting the delay in repayments could lead to a fire sale of prize assets and even push the emirate to divest speculative investments made during the six-year boom that are unlikely to generate long-term revenue.
Following are details of key assets and high-profile holdings possibly up for sale.
Text: Reuters
Image courtesy: Getty