30.09.2010 - Dow Jones Islamic markets in September 2010: Dubai is back on track
From Zawya.com: Almost a year ago, the emirate of Dubai was written off the books by some media. When real estate developer Nakheel found itself unable to pay off a US$3.52 billion Islamic bond (Sukuk) in November 2009, the sheikhdom suddenly was declared a place where dreams had turned to dust. Only a last -minute US$10 billon credit guarantee from neighboring emirate Abu Dhabi saved Dubai from defaulting. It might be too early to declare victory, but September 2010 definitely marks - at the very least - a much needed stabilization for Dubai..............................................Full Article: Source
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