20.10.2009 - Dubai debt move, words not enough to assure investors
From Forbes: Dubai's move to repay and restructure some of its $80 billion debt and words of confidence from policymakers may not be enough to convince sceptical investors that the emirate could pay its bond obligations. Successful debt restructuring is essential to prevent the debt-laden Dubai -- already bailed out by the federal government once -- from defaulting and cutting off overseas financing channels for the emirate whose 6-year oil boom burst last year, causing a big crash in the property market........................Full Article: Source
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