It’s exactly four months since Dubai sent shockwaves around the world, when one of its biggest companies, Dubai World asked for a delay in repaying its debts. But the firm’s long awaited restructuring plan has kept investors guessing ever since. Rumours that creditors would have to accept a haircut – or less money than they’re owed – and even longer repayment periods – have spooked investors. But this week – the official confirmation they’d been waiting for.
