From Maktoob.com: The credibility of the United Arab Emirates finance sector will suffer unless the authorities and lenders move quickly to assuage fears that Dubai’s debt trouble are spiralling out of control, analysts and bankers say.

Dubai, one of the seven emirates that make up the UAE, said on Wednesday it planned to restructure one of its holding companies, a shock announcement that triggered global concerns about the emirate’s ability to meet its debt obligations…………………………….Full Article: Source