09.12.2009 - Dubai ‘needs more time’; investor confidence hit
From Tradearabia.com: Investor confidence in Dubai took a fresh knock on Tuesday as its leaders dithered over a rescue for debt-laden company Dubai World and ratings agency Moody's slapped a downgrade on government-related debt. 'You can usually take the view that no news is good news, but in Dubai's case it's quite the opposite -- investors need to hear some developments on Dubai World's restructuring,' said Julian Bruce, EFG-Hermes director of institutional equity sales...................................Full Article: Source
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