Dubai creditors get repayment
Lenders to Dubai World will get a range of options including full repayment once Abu Dhabi decides how much additional support it will give its debt-laden neighbour, sources close to the discussions said yesterday. Bankers in London and the Gulf are divided over how Dubai should restructure the $26bn debt pile dogging its flagship holding company, leading the emirate to consider parallel offers in an effort to please all. “Support from Abu Dhabi is the missing piece,” said one senior emerging markets banker.