DUBAI, Jul 4 (AP/UNB) - The main property unit of Dubai World has been given control of another real estate company run by the indebted state conglomerate.
Dubai's media office said in a statement dated Saturday that Dubai World's Nakheel division will assume management responsibility for the conglomerate's Limitless unit.
The company also named a new board at another Dubai World division, Economic Zones World, which runs business parks.
Financial problems at Dubai World last year sparked a financial panic that spread around the world. The company has spent months reorganizing its business while working on a plan to restructure
$23.5 billion worth of debt.
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