On January 18, a Dubai government spokeswoman revealed that Abu Dhabi’s December 14 cash injection to the debt-ridden Dubai World, heralded as a $10 billion gift, included $5 billion in funds from Abu Dhabi banks, which had been promised even before the debt standstill was requested. Al Hilal Bank, a government-owned institution, and National Bank of Abu Dhabi, which is publicly listed but 70 percent government-owned, promised the loans on November 26. Dubai’s December 14 statement said that the $10 billion came from the government of Abu Dhabi and the United Arab Emirate’s central bank.

Further, Dubai World announced on January 7 that the promised restructuring plan was “some time away,” after an Arabic-language newspaper announced that the plan would be presented to the company’s creditors that same day. Speculation about when and how the restructuring plan will be conveyed to creditors continues, but nothing had been confirmed as Executive went to print.