World Markets Up as Dubai Debt Tensions Ease
913 views · Published 2 December 2009 · 2:32 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
World stock markets rose sharply Tuesday after Dubai officials reported negotiations were underway to restructure 26 billion dollars in debt owed by a state-owned conglomerate. The announcement appears to have eased investor concerns, that began after the emirate said the country's investment arm, Dubai World, was seeking a six month delay in repaying nearly 60 billion dollars in debt. VOA's Mil Arcega has the latest.
