Tag Archives : Dubai debt
The Tense Tale of Two Emirates: rich Abu Dhabi to bail out debt-burdened Dubai?
A weak and uncertain statement from the UAE has stoked ‘fears of tension between emirates,’ The panic question among businessmen in the region is whether Dubai will default or not. Some investors are quick to defend the emirate. According to Thani al-Falaasi, a businessman in Dubai, “Only a few decades ago, this country was nothing, just a desert. [...]
Filed in: Business, Market Trends
