Regional banks display caution
Although Dubai’s most vulnerable companies will find it virtually impossible to get funding in the international markets, its more respected entities will find that the European and US banks are still open for business. Despite all the chaos of the past two months, banks have short memories. Lending conditions will be tougher but the right credit will be able to access funds.
For example Borse Dubai, the owner of Nasdaq Dubai, mulled over the possibility of tapping the bank market to refinance a $2.5
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