27.11.2009 - Dubai crisis will prompt investors to look critically at sovereign debt
From Independent: The other part to the Dubai story concerns finance. On any sort of long view its public finances will be all right. This is not an Iceland. It has assets, including a sizeable sovereign wealth fund. The United Arab Emirates, taken as a whole, has massive oil-generated wealth and that wealth will continue to accumulate as it is very hard to see circumstances when oil will not remain reasonably expensive. But Dubai itself is caught in a classic liquidity squeeze.................................Full Article: Source
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