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    <title>Dubai World to restructure $26bn Nakheel, Limitless debt</title>
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    <pubDate>Tue, 01 Dec 2009 17:36:48 +0400</pubDate>
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        Dubai World has announced that it has started constructive talks with banks to restructure $26bn of debt, including liabilities owed by units Nakheel World and Limitless World. The process will not include Infinity World Holding, Istithmar World and Ports &amp; Free Zone World (which includes DP World, Economic Zones World, P&amp;O Ferries and Jebel Ali Free Zone), all of which are on a stable financial footing the company said in a statement. 
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    <title>Dubai World: Official statement on debt obligations</title>
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    <pubDate>Tue, 01 Dec 2009 17:30:00 +0400</pubDate>
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        Dubai World and its subsidiaries would like to update their lenders on recent developments relating to their debt obligations.  
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    <title>Moody's: Dubai World restructuring unlikely to threaten sovereign credit of UAE and Abu Dhabi</title>
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    <pubDate>Tue, 01 Dec 2009 16:50:00 +0400</pubDate>
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        Moody's Investors Service said that the recently announced restructuring of Dubai World's liabilities is unlikely to threaten the credit quality of the government of Abu Dhabi and the  federal government of the United Arab Emirates (UAE). Both of these governments are rated Aa2 with a stable outlook.
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    <title>More than $147bn committed to development of the Middle East's road, rail and public transport infrastructure</title>
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    <pubDate>Tue, 01 Dec 2009 16:00:00 +0400</pubDate>
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        Middle East governments, facing the challenges presented by the world's highest levels of population growth, have recognised that sustained long-term economic growth is heavily dependent on their transport infrastructures, with investment in excess of $147bn currently committed to address the region's transportation needs.
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    <title>Sheikh Majed set to flag-off Dubai Rally</title>
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    <pubDate>Tue, 01 Dec 2009 13:47:59 +0400</pubDate>
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        His Highness Sheikh Majed Bin Mohammed Bin Rashid Al Maktoum will flag-off the 31st edition of the Dubai International Rally, the final round of the 2009 Middle East Rally Championship, on Thursday evening, December 3, from the start ramp in Downtown Burj Dubai.
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