Article

2009-12-01 Arabia

Dubai & Abu Dhabi markets plunge on debt woes

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Posted by Fred 2009-12-01 00:00|| || Front Page|| [11 views ] Top

#1 BHARAT RAKSHAK/TOPIX >INVESTORS FACE HUGE LOSSES AS DUBAI [Govt] ABANDONS DEBT COMPANY [Dubai World Group].

Posted by JosephMendiola">JosephMendiola 2009-12-01 01:20|| na]">[na] 2009-12-01 01:20|| Front Page Top

#2 Abu Dhabi has really stepped up on this one! Bailing out their spendtrift partner without much hesitation is admirable. Esp considering their thrift and percevierence and the complete lack of such by Dubai. Honer is still alive in the Emirates.

Posted by 746 2009-12-01 09:56|| 2009-12-01 09:56|| Front Page Top

#3 what is never mentioned is this is a result from shariah finance law. Risky loans with no interest.

Posted by newc">newc 2009-12-01 10:48|| 2009-12-01 10:48|| Front Page Top

#4 CHINESE MILITARY FORUM > HMS TITANIC IS GOING /FOLLOWING AFTER THE USS TITANIC | BRITAIN'S HSBC HOLDINGS, NYSE, CITIGROUP, NYSEC MOST AT RISK IN DUBAI DEBT CRISIS [ + RBS = Royal bank of Scotland,Stabdard Chartered, Lloyd's, + HSBC whom control US$30.0BILYUHN in loans to Dubai World Group]???

Posted by JosephMendiola">JosephMendiola 2009-12-01 22:41|| na]">[na] 2009-12-01 22:41|| Front Page Top

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