Dubai World meeting with creditors inconclusive

DUBAI: State-owned Dubai World did not ask for a standstill on its debt at a meeting with creditors in the Gulf emirate yesterday, a company spokesman said.

The meeting was an overview of potential ways to move forward, said the spokesman, adding that the creditors' questions to the conglomerate were "constructive".

Creditors must form a committee for later stages of talks as the two sides seek a solution to the debt problem, the spokesman said of the debt earmarked for restructuring, estimated at $22 billion.