EPISODE · Dec 1, 2009 · 44 MIN

DUBAI

from The Numbersman Show · host Numbersman

Dubai World unveiled unveiled a plan for restructuring $26bn (£15.8bn) of its borrowings. on Monday of its plan covering $26 billion of debt owed by its main property firms, Nakheel and Limitless.The president of the United Arab Emirates Sheikh Khalifa bin Zayed al-Nahayan issued a statement saying the UAE economy was in good condition.Markets across the UAE fell sharply for the second day in a row. Shares in Dubai fell by 5.61% and Abu Dhabi fell by 3.57%. Qatar's main index closed down 8.27%.

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