Dubai may use sovereign fund to repay debt
Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.
December 6, 2011 3:46Register for our free newsletter
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Dubai could use the $3.8 billion raised by its sovereign wealth fund to pay for its debts, as Dubai entities still have about $10 billion due next year.
December 6, 2011 3:46The UAE has the fundamentals in place to achieve an upgrade from index provider MSCI to emerging market status, the chief executive officer of Dubai International Financial Centre (DIFC) Authority said on Wednesday.
November 24, 2011 1:55Potential government support for Dubai World unit Jebel Ali Free Zone (JAFZA) to meet its $2.04 billion Islamic bond maturity next year is less likely due to a more complex legal structure, a Standard & Poor's' analyst said on Thursday.
November 17, 2011 3:32Common law courts have increased jurisdiction, which may take away some business to Emirati lawyers. But Precious de Leon thinks they should look to Wal*Mart victims for inspiration.
November 9, 2011 3:56