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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Dubai faces first big test with Borse funding

Posted on 19 February 2009

From Reuters: Dubai faces its first critical test of the economic crisis as one of its most high profile companies, Borse Dubai, struggles to secure enough market funding to avoid defaulting on about $3.4 billion in debt.

Experts say the exercise will clarify whether Dubai, the financial and tourism center for the Gulf, can muscle its way out of the crisis alone, or whether the federal government dominated by Dubai’s wealthy neighbor Abu Dhabi will provide a safety net….. Full Article: Source


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