London stuns global investors by calling for a debt `` standstill '' on Dubai World 's and Nakheel debts . ( CNN ) -- Dubai sent investors reeling Thursday after asking creditors to freeze the debt repayments of one of its biggest holding companies , Dubai World . Market reactions restrained by public holidays in the Middle East and the U.S. Nakheel is Dubai World 's real estate arm , owns the U.S. Nakheel , '' and `` The World said to account for $ 59 billion of Dubia 's $ 59 billion debt .
London stuns global investors by calling for a debt `` standstill '' on Dubai World 's and Nakheel debts . Market reactions restrained by public holidays in the Middle East and the U.S. Nakheel is Dubai World 's real estate arm , owns the U.S. Nakheel , '' and `` The World said to account for $ 59 billion of Dubia 's $ 59 billion debt .