08.12.2009 - Dubai World global refinancing ‘expensive’
From Tradearabia.com: With no government backing for the debt standstill of Dubai World and Nakheel and with Abu Dhabi not yet showing up for the rescue, refinancing on international markets will be more expensive or impossible, says a report. Matching increased costs of capital with growing economic activity will be challenging in the prevailing global environment, said Eckart Woertz, program manager economics, Gulf Research Center, a Dubai-based independent research institute, in a report entitled 'Implications of Dubai's Debt Troubles'...................................Full Article: Source
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