Middle East Economic Survey
Dubai Faces Major Backlash From Debt Standstill Request, Analysts Say
Dubais decision on 25 November to restructure Dubai World and the subsequent request for a standstill on the flagship holding companys debt has heightened concerns among investors on the ability of the emirate to meet its obligations (MEES, 30 November). The announcement, made a few hours after Dubai said separately that it raised $5bn through conventional and...
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