09.11.2009 - Dubai’s debt move
From Arabianbusiness.com: Words of confidence from Dubai policymakers may not convince investors anxiously awaiting the fate of Nakheel’s $3.5bn Islamic bond, and the next installment of the emirate’s $10bn bailout fund. Natsuko Waki and John Irish report. Dubai’s move to repay and restructure some of its $80bn debt and a show of support from policymakers may not be enough to convince sceptical investors that the emirate could pay back its bond obligations..............................Full Article: Source
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