Gulf investors urge transparency
Real estate developer says greater disclosure could have eased Dubai debt crisis.
Published On 16 Dec 2009
Investors panicked when Dubai World announced it would have trouble repaying its debts on time, but stock markets steadied again after Abu Dhabi announced it would bail out its neighbour.
Some Gulf investors have criticised Dubai’s handling of the crisis, saying it caused severe damage to Dubai’s image and investor confidence in the emirate.
Al Jazeera’s Dan Nolan reports from Kuwait City.
Source: Al Jazeera