Money Snatchers

Dubai, set to ask creditors for a standstill on restructuring some $22 billion in debt linked to troubled conglomerate Dubai World , may still repay lenders in full, a local newspaper said on Sunday, citing unnamed sources.

DUBAI, United Arab Emirates — Dubai’s ability to host big-money events in tennis, golf and horse racing is coming under scrutiny as the emirate struggles with massive debt.

— Bondholders and creditors have begun mobilising in response to Dubai World’s $26bn restructuring plans, as Dubai’s ruler on Tuesday sought to reassure investors that his debt-laden emirate’s economy remained sound.

Officials in the United Arab Emirates tried Tuesday to calm investors and the public over the Dubai World debt crisis, and the company itself said it was seeking to renegotiate only the obligations held by its troubled real estate …

Asian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai’s debt crisis.

DUBAI, United Arab Emirates — Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.

Debt problems in Dubai hit global stocks, helped lift bonds and took the dollar away from a 14-year.

DUBAI — Kuwait’s Investment Dar, the Islamic financial firm that owns half of British luxury carmaker Aston Martin, plans to present a proposed debt restructuring plan to creditors this month, the company said Sunday.