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Islamic Finance Briefing - Categorized | Bonds (Sukuk) more

Dubai default unlikely to cause sukuk market contagion

Posted on 14 December 2009

From Arabnews.com: Dubai has the World at its feet and in the Palm of its hands. Perhaps one can have sympathy for the emirate’s rulers (both past and present) because they were beguiled by those profligate promoters with their mesmerizing models.

When the emirate started pondering its future as “Dubai without oil” almost two decades ago, it was almost like the Wild West in terms of money-making ideas and hype………………………………Full Article: Source

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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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