UAE investor concern over repayment
Dubia’s debts so large that some investors losing faith they will ever be repaid.
Published On 4 Dec 2009
Investors are becoming increasingly worried over how Dubai is ever going to pay its enormous debts.
Amid rising fury among bondholders at losing lots of money, the cost of insuring the debt against restructuring or default rose on the London stock market on Friday.
And banking analysts say the trust of investors has been unforgiveably shattered.
Al Jazeera’s Dan Nolan reports.
Source: Al Jazeera