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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.