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Dubai World's debt freeze 'carefully planned'

By BARBARA SURK
,
AP
posted: 114 DAYS 3 HOURS AGO
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DUBAI, United Arab Emirates -A top Dubai finance official said the emirate fully expected fallout from its debt problems and assured foreign creditors that Dubai World's request to postpone payment on some of its $60 billion in debt was "carefully planned."
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2009-11-27 10:02:26
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A top Dubai finance official said the emirate fully expected fallout from its debt problems and assured foreign creditors that Dubai World\'s request to postpone payment on some of its $60 billion in debt was carefully planned.