Lingering concerns over Dubai’s debts
Issue 988
- 05 Mar 2015
| 5 minute read
The restructuring of $14.6bn of Dubai World debts in February may have given the impression that the emirate is handling its debt burden fairly well these days. But some five-and-a-half years after Dubai had to go cap in hand to richer neighbour Abu Dhabi, the emirate is still not completely out of the woods. A mountain of debt still needs to be paid off, and there are some concerns Dubai could hit problems further down the road, particularly if oil prices stay low.
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