30.11.2009 - Dubai World debt freeze to hit property recovery
From Gulf-times.com: Dubai’s fragile real estate market could suffer another collapse in prices after the city-state asked for a standstill on Dubai World’s debt and its struggling real estate unit Nakheel. “Should they effectively default, it can become one of the biggest sovereign defaults since the Argentinean crisis,” said Marina Akopian, partner at HEXAM Capital, which manages about $440mn in emerging markets.................................Full Article: Source
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