Friday, 3 October 2008

Dubai's $20 billion (Dh73.47bn) roll over

The UAE and particularly Dubai has a large amount of short-term debt to roll over which despite its good rating is an issue with a liquidity crisis going on.
In particular, there is a lot of concern about the state of the real estate market. Dubai Holdings is the name most in the frame. DP World and Nakheel are probably okay because the UAE government would almost certainly come to their rescue if they faced roll over issues.

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