• Dubai World agrees debt deal

Dubai World has received approval from around 99% of its creditors to restructure $24.9bn of debt.

The company said it was "well positioned to close the restructuring in the coming weeks". Dubai World is expected to service and repay its debts over the next five to eight years through asset and bond sales.

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http://uk.reuters.com/article/idUKTRE68913S20100910

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