Is Dubai World the Only Problem in Town?

Last week Dubai World announced that it was creeping closer to a deal with its creditors. Welcome news not only for investors, but for Dubai as a whole. It’s been keen to draw a line under the affair since the crisis unfolded last November. But is this really the end of the story? That’s a question Ben Thompson put to Saud Masud, Head of Real Estate research at UBS.

Share and Enjoy

You may consider reading further :

• Dubai World’s approval from creditors to change terms of debt to boost investors’ confidence
  According to UBS AG and Moody’s Investors Service, Dubai World’s approval from creditors to change the terms on $24....
• Dubai World expects to complete the restructuring over the coming months
  Dubai World (the “Company”) announces that it held a meeting in Dubai today with its creditor banks to present for...
• Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee
  Dubai World (the “Company”) is pleased to announce today that headline economic terms have been agreed in principle ...
• Creditors to Dubai World have accepted an offer from the conglomerate, according local newspapper
  Lenders to Dubai World  have accepted an offer from the conglomerate to settle $14.2 billion in outstanding bank claims...
• Assets Change Hands
  Meydan on Thursday signed a memorandum of understanding under which it sold three commercial buildings located in Meyd...