Fri Nov 27, 2009 15:54 GMT |
Suggestions of a technical default on November 26 by UAE-based Dubai World have sent shockwaves through the financial world. Not only are creditworthiness concerns reaching boiling point, but global equity markets, too, seem to initially have gone into panic mode. Business Monitor’s Liz Martins and Terry Alexander discuss the implications of a debt default by [Read more...]
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Tags: Abu Dhabi, Default, developed markets, Dubai, Dubai World, GCC, global equities, Gulf, Investor Sentiment, Islamic Finance, Market Rally, Nakheel, Property, sukuk, Technical Default
Posted in: Currencies, Equities, Financials, General, Middle East, Podcast
Fri Nov 27, 2009 8:38 GMT |
The news that Dubai World, one of the stalwarts of the Dubai economy, is potentially defaulting on its debt is, quite simply, massive. It highlights the sheer scale of a financial crisis that Dubai has been doing its best to keep under wraps for more than a year. The situation is far from clear, but [Read more...]
Tags: Abu Dhabi, Add new tag, Bond, Debt, Default, Dubai, Dubai World, Nakheel, Standstill, sukuk
Posted in: Equities, Financials, General, Middle East
