Archive for the ‘Crisis’ Category
Debt Crisis In Dubai.
Monday, December 7th, 2009
What to make of the negative news from the gulf. . . And in which way to sell the dubai bailout
Dubai spends like it’s got 90% of the oil in the cohesive arab emirates.
Yet it only has 5%.
Abu dhabi really develops 9 out of each 10 barrels that comes out of the uae, but that city-state is a bastion of financial obligation.
So now that dubai’s $59 billion debt mess is being mopped up by the abu dhabi-based central bank, how do you invest with the gulf’s financial future in mind?
Here’s the story and how you may play it.
A tale of two emirates
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