27.11.2008 - Concerns about Dubai debt overdone: DIFC

From Thenational.ae: Concerns about Dubai’s debt are overdone, in the view of the head of the Dubai International Financial Centre. “Ratings agencies say Dubai lacks the financial muscle to cover debt... Dubai is not just built on credit; in the past it’s largely been equity financing rather than debt,” said David Eldon, chairman of the DIFC authority at a conference during DIFC Week. “The reality is we need to distinguish sovereign debt from corporate debt.”.... Full Article: Source

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