Dubai World to Receive $9.5 Billion Bail Out

The beleaguered Dubai World investment group will receive $9.5 billion from the Dubai government to help restructure its debt. Dubai World has presented an offer to its lenders to address the $23.5 billion it owes, and a decision on whether or not the creditors will accept the offer, is expected soon.

Initial response from analysts has been positive and the Dubai stock market experienced a 4 percent bump when the announcement was made public.

Source: BBC News

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