“We’re back, of course we’re back,’ Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum told Bloomberg TV in an interview on September 26. His confidence in Dubai’s economic resurgence was reinforced days later in a US$1.25 billion Dubai sovereign bond issue that was four times oversubscribed, signaling the emirate’s return to the fixed-income market.
Renewed investor confidence in Dubai came on the heels of the debt restructuring agreement hammered between troubled state-linked conglomerate Dubai World and the majority of creditors to reschedule about US$25 billion of debt……………………………………….Full Article: Source