"Rather than producing tangible solutions to better this nation, partisan posturing has creative a legislative standstill," he said in a statement.
The money will service Dubai World's other debts only if the group is "successful in negotiating a standstill as previously announced," the statement says.If those negotiations falter, Dubai World's fate will be governed by a brand new "reorganisation law", unveiled on Monday.
An emirate that has spent so much money and hired so many flaks to cultivate its image and inspire confidence saw much of that work undone in a single 200-word statement announcing the debt standstill.Had it announced the restructuring a few months earlier, with the ground properly laid, investors might have taken it in their stride.
There has also been anger that the brief statement announcing the hoped-for standstill was made just as the region was heading into the Eid al-Adha holiday, leaving investors without access to further information for days.
However, many people question whether deliberately bringing traffic to a standstill is the best way to make a statement, or if it risks antagonising and alienating drivers.
The fight for democracy and fundamental rights in many other Arab Spring countries has "come to a standstill or suffered setbacks," said the committee in a statement.
In a statement, Time Warner Cable said it was pleased that the standstill requirement was tossed and added that it was "gratified that the court has called into question the future viability of the entire program carriage regime as competition in the MVPD marketplace continues to become more and more vibrant".
As part of the "standstill" agreement, the second since July 29, Genuity will pay $50 million, according to a statement.
Rev. Enoch Adams Jr., KRPC Chairman, raised the issue of his organization's unanswered request seven years ago for an audit of "unsubstantiated" statements in an Army Corps of Engineers report that brought relocation plans to a standstill in 2006.
The fallout came swiftly after yesterday's statement that Dubai's main development engine, Dubai World, would ask creditors for a "standstill" on paying back its 60 billion dollar debt until at least May.
