gulfnews : $9.5b support for Dubai World
The support comes largely from the $10 billion given by Abu Dhabi Government last year and also Dubai Government's internal resources, a Government statement said.
Nakheel will be recapitalised by $8 billion, with a $1.2 billion debt-for-equity swap also part of a move to take the property developer off Dubai World's hands and place it with the government directly.
It will also pump $1.5 billion into Dubai World as part of a recapitalisation that would include a $8.9 billion debt-for-equity swap.
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