Dubai official: Dubai World's debt its own

People pass by a giant poster of Sheik Mohammed bin Rashid Al Maktoum, UAE Prime Minister and ruler of Dubai in Dubai, United Arab Emirates, Thursday, Nov. 26, 2009. In a brief statement Wednesday, Dubai's government said its main development engine, Dubai World, which is developing the world's tallest tower block, the Burj Dubai, would ask creditors for a "standstill", and to delay maturity of its $60 billion debt until at least May 2010. (AP Photo/Kamran Jebreili) (AP Photo/Kamran Jebreili)

November 30, 2009 5:25:40 AM PST
A top Dubai finance official says heavily indebted Dubai World is not guaranteed by the emirate's government.

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