Dubai World describes a last-minute US$200m (Dh734.6m) payment by MGM Mirage for the CityCenter project in Las Vegas a 'sign of good faith'.

The payment temporarily ensured that construction would continue on the $8.8bn casino and property project, which has fallen victim to the global shortage of credit and a drop in gambling in the US.

CityCenter is a 31-hectare project that includes several casinos, hotels, a new retail complex and other office and residential buildings on the Las Vegas Strip. It has been reported to be the largest privately financed construction project in the US.

The National