Tuesday, December 01, 2009

UAE Official: Dubai World's Debt Is Its Own

This is interesting stuff - suddenly someone turns around and tells everyone that Dubai World has nothing to do with the Sovereign debt of Dubai. What were you thinking?

Remember, Dubai World owns most of what you know Dubai for. Plus, assets abroad. One wonders what happens next. Would the borrowers of last resort strip Dubai of everything and decamp? And may be assemble at Abu Dhabi.


UAE Official: Dubai World's Debt Is Its Own

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