State-owned Dubai World made a presentation concerning its finances to bankers at Dubai's World Trade Center complex on Monday.

But the flagship conglomerate did not ask creditors for a standstill on 22 billion US dollars of debt. Instead, a company spokesman says it was an overview of potential ways to move forward.

The spokesman also says a panel of creditors needs to be set up before talks can proceed.

Meanwhile, the outcome of the meeting added to uncertainty for investors who have been in the dark for weeks. Dubai's stock exchange slipped 0.2 percent, while Abu Dhabi's index declined 0.8 percent. Bankers have predicted that Monday's meeting would mark only the start of what could be lengthy negotiations.

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