14.10.2011 - Dubai can manage $14 bln debt maturing in 2012-JP Morgan
Dubaiís government-related entities (GREs) can pay down or refinance nearly $14 billon in debt maturing next year with relative ease, a report by investment bank J.P. Morgan said on Thursday. The emirateís capital market risk is limited primarily to Jebel Ali Free Zone (JAFZA), a unit of state-owned conglomerate Dubai World that is looking to refinance its 7.5 billion UAE dirhams ($2.04 bln) Islamic bond, and the topping up needs of the Dubai Financial Support Fund (DFSF), which are about $2.5 billion to $3.5 billion..............................................Full Article: Source
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