UK PRESS: Dubai World, the troubled Gulf investment fund, is to ask its
creditors for up to 8 more years to pay back a $22 billion debt
mountain, The Sunday Times reported. The crisis-hit investment empire,
owned by the Dubai state, will promise its lenders it will be able to
pay back all the money it owes if it can get the extension. The debt
restructuring proposals will be put to a seven-strong committee of the
group’s senior creditors in Dubai this week.