Middle East Economic Survey

VOL. LII

No 18

04-May-2009

UAE

S&P Places Dubai Government-Related Entities On Credit Watch With Negative Implications

Standard & Poors Ratings Services (S&P) on 30 April placed the ratings on a number of Dubai-based government-related entities (GREs) on credit watch with negative implications. They comprise DIFC Investments, DP World, Jebel Ali Free Zone (FZE), the Dubai Multi Commodities Centre Authority (DMCC), Dubai Holding Commercial Operations Group LLC...