Surf Arab States

Arab States Weekly Review 15th – 21st May 2010

The electoral commission in Iraq upheld the results of the parliamentary elections in March after a partial recount. The recount was requested by Nuri Al-Maliki, whose coalition came second in the poll. The recount leaves intact the two-seat lead of Iyad Allawi over Al-Maliki, the incumbent prime minister.

Dubai World reached an agreement with its creditors to restructure $23.5 billion of debt. It emphasised that government support was no longer required. The state-owned conglomerate scared markets last November when it requested a six-month standstill on debt repayments.