09.10.2009 - Dubai’s $80 bln debt reasonable, HSBC’s nasr says
From Arabfinance.com: Dubai’s $80 billion of state-related debt is “reasonable,” given the economy’s size and growth rate, and HSBC Holdings Plc will lend to companies facing funding problems, the bank’s Middle East chairman said. “If you believe the Middle East story, you have to believe the Dubai story,” HSBC Bank Middle East Ltd. Chairman Youssef Nasr said in an interview yesterday. “Temporary mismatches in supply and demand” in the property market need to be addressed, he said....................Full Article: Source
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