dubai world

Dubai WorldÆs request to restructure its debt is likely to reshape the understanding among investors and issuers of who holds the upper hand when it comes to bond-like sukuk.

Asia appears relatively immune from DubaiÆs debt problems, while Dubai World says less than half the amount of debt initially believed to be affected is included under the standstill agreement.

Dubai World and MGM Mirage team up to spend as much as $800 million on a share buyback in MGM Mirage.