Posts Tagged ‘UAE’

Dubai World – From Financial Darling to Financial Dog

Tuesday, December 1st, 2009


Whether Dubai World’s technical default on $60B of debt will have a deep and lasting impact on world markets and commercial real estate values will take some time to sort out.  

But it is safe to say that last week’s revelation that the shining star in the oil-rich Middle East has major cash flow issues will cast a long shadow on the credit markets and stock market for the next few months.

Read the Financial Times Article: