Dubai’s sigh of relief

UAE loan buys time and gives options – but which to take?

To say that Dubai’s $10 billion loan facility from the UAE central bank at the end of February is a welcome relief is an immense understatement.

A few days before, Borse Dubai had scraped together a $3.8 billion refinancing facility from a group of lenders. Investors watched the refinancing like hawks, and the deal only went through thanks to a last-minute contribution from government-owned Emirates...

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The money network:

Euromoney’s 2012 FX survey results

Dubai’s sigh of relief

UAE loan buys time and gives options – but which to take?

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Dubai’s sigh of relief

UAE loan buys time and gives options – but which to take?

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