29.07.2009 - Dubai’s $10bln bond leaves investors wary
From Arabnews.com: Foreign investors are unlikely to tap into a $10 billion Dubai bond unless officials give details such as whether it has federal backing, raising the prospect the central government may intervene again to support the emirate. Dubai, one of the seven United Arab Emirates, propelled itself into the spotlight as a tourism hub during a six-year oil-fueled boom, but the downturn rocked its foundations based on excess lending and a transient expatriate population.........Full Article: Source