repayment plan

Dubai World meaning, reason for crisis, current scenario, effect on financial Market and banks

Dubai, home to the world's tallest tower and the biggest man-made islands, is in a financial crisis. The dream city, where lakhs of expat Indians make a living, is trying to salvage Dubai World, the emirate's flagship in the industrial world, which is struggling to pay back a $ 59 billion loan (around Rs 275,000 crore).
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