Failure to ensure the success of Dubai’s debt restructuring plan to investors caused the stock benchmark index in the region plunged and forced some companies to cut the sale of shares.

Dubai Financial Market Index fell 15% General since December 14. The decline was triggered by the bailout of Abu Dhabi to Dubai World in the day. Bonds in the field of state-owned Dubai property Nakheel PJSC fell 55.75 cents against the U.S. dollar from 67.5 cents.

Meanwhile, credit default swaps Dubai government debt traded at 493 basis points, the highest rate since the Abu Dhabi to inject funds to Dubai World. Dubai World is negotiating scheduling of debt worth U.S. $ 22 billion.

Companies that fail to offer in a meeting with creditors in December, but rejected the possibility that negotiations will not meet consensus.

Meanwhile, on January 17, Dubai Electricity & Water Authority said that delaying the sale of bonds worth U.S. $ 1.5 billion as the cost of borrowing is too high.

“The lack of clarification on the restructuring plan of Dubai World creates a burden of uncertainty the market,” said Rami Sidani, Head of Investment Management Ltd. Schroder Investment in the Middle East region and North Africa.

Schroder Investment Management Ltd. manages investments for a total value of U.S. $ 230 billion globally. Dubai Sidani added yet out of trouble and will continue to strive to overcome the burden of debt.