Middle East Economic Survey

VOL. LIII

No 23

7-Jun-2010

UAE

Growing Concern Over Potential Restructuring Of Dubai Holding Debt

Recent announcements made by entities linked to Dubai Holding, almost wholly owned by Dubais ruler Shaikh Muhammad bin Rashid Al Maktum, have intensified speculation that the company will have to restructure its debt and raised questions about the financial strength of the emirate. On 1 June the companys commercial arm Dubai Holding Commercial Operations Group (DHCOG) ...