{"id":13140,"date":"2009-11-27T06:11:04","date_gmt":"2009-11-27T10:11:04","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=13140"},"modified":"2009-11-27T06:11:04","modified_gmt":"2009-11-27T10:11:04","slug":"dubai-world-defaults-on-debt","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2009\/dubai-world-defaults-on-debt.html","title":{"rendered":"Dubai World Defaults on Debt"},"content":{"rendered":"<p>Economy Watch &#8211; Dubai has just announced that it will ask for a six months &#8216;standstill&#8217; in debt repayments for stated-owned holding company Dubai World, &#8220;as a first step towards restructuring&#8221;. Dubai World has $59 billion in outstanding debt, a large portion of the estimated $80 billion &#8211; $100 billion of debt that Dubai carries (148% &#8211; 200% of 2007 GDP), off the back of a real estate boom and building binge that the Middle East Capital of Bling carried out over the last decade.<\/p>\n<p><a title=\"Read Complete Article\" href=\"http:\/\/www.economywatch.com\/economy-business-and-finance-news\/dubai-world-defaults-on-debt-panic-button-has-been-pressed-27-11.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economy Watch &#8211; Dubai has just announced that it will ask for a six months &#8216;standstill&#8217; in debt repayments for stated-owned holding company Dubai World, &#8220;as a first step towards restructuring&#8221;. Dubai World has $59 billion in outstanding debt, a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13140","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=13140"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13140\/revisions"}],"predecessor-version":[{"id":13141,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/13140\/revisions\/13141"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=13140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=13140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=13140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}