Dubai: The Wall Street Journal is reporting that Dubai World is looking to push back its 2018 debt repayment plans by four years. The conglomerate is due to pay back $10.3bn that year to creditors.
Dubai World racked up debts of $23.5bn as it nearly went under in 2009. Among its many subsidiaries are shipyard group Drydocks World and terminal operator, DP World. [12/08/14]