{"id":1538,"date":"2009-11-26T03:01:36","date_gmt":"2009-11-26T09:01:36","guid":{"rendered":"http:\/\/www.nationalturk.com\/en\/?p=1538"},"modified":"2009-11-26T03:01:36","modified_gmt":"2009-11-26T09:01:36","slug":"dubai-under-scrutiny","status":"publish","type":"post","link":"https:\/\/www.nationalturk.com\/en\/dubai-under-scrutiny\/","title":{"rendered":"Dubai under scrutiny after debt payment delay"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-1539\" title=\"Dubai under scrutiny\" src=\"http:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny-280x186.jpg\" alt=\"Dubai under scrutiny\" width=\"280\" height=\"186\" srcset=\"https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny-280x186.jpg 280w, https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny-180x120.jpg 180w, https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny-539x360.jpg 539w, https:\/\/www.nationalturk.com\/en\/wp-content\/uploads\/2009\/11\/dubai-under-scrutiny.jpg 800w\" sizes=\"auto, (max-width: 280px) 100vw, 280px\" \/><\/a>Dubai&#8217;s financial health has come under scrutiny after a major, government-owned investment company asked for a six-month delay on repaying its debts.<\/strong><\/p>\n<p>Dubai World, which has total debts of $59bn (\u00a335bn), is asking creditors if it can postpone its forthcoming payments until May next year.<\/p>\n<p>Dubai World has also appointed global accountancy group Deloitte to help with its financial restructuring.<\/p>\n<p>The company has been hit hard by the global credit crunch and recession.<\/p>\n<p>It was due to repay $3.5bn of its debts next month.<\/p>\n<p>The request for a delay in repayments led to major credit ratings agencies downgrading a number of state-backed companies.<\/p>\n<p>Following six years of rapid growth, the Dubai economy has slumped since the second half of 2008.<\/p>\n<p>This has led to Dubai property prices falling sharply.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai&#8217;s financial health has come under scrutiny after a major, government-owned investment company asked for a six-month delay on repaying its debts.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,63,37,9],"tags":[2419,2423,2418,2421,1863,1864],"class_list":["post-1538","post","type-post","status-publish","format-standard","hentry","category-breaking-news","category-daily","category-middle-east","category-shopping","tag-dubai","tag-dubai-economy","tag-dubai-under-scrutiny","tag-dubai-world","tag-dubai-world-championship","tag-dubai-world-championship-rory-mcilroy"],"_links":{"self":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/1538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/comments?post=1538"}],"version-history":[{"count":0,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/posts\/1538\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/media?parent=1538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/categories?post=1538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationalturk.com\/en\/wp-json\/wp\/v2\/tags?post=1538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}