http://tradeflow21.com/2009/12/09/four-reasons-why-dubai-will-survive/ Tue, 15 Dec 2009 17:51:14 +0000 hourly 1 http://wordpress.org/?v=3.0 http://tradeflow21.com/2009/12/09/four-reasons-why-dubai-will-survive/comment-page-1/#comment-2159 tradeflow21.com » Blog Archive » Abu Dhabi extends $10B lifeline to Dubai Tue, 15 Dec 2009 17:51:14 +0000 http://tradeflow21.com/2009/12/09/four-reasons-why-dubai-will-survive/#comment-2159 [...] The Dubai Exchange rallied 10.4 percent yesterday in the wake of a $10 billion credit line from Abu Dhabi, coagulating some of the recent hemorrhaging.  A portion of the funds will reportedly be used to meet a $4.1 billion bond payment owed by Nakheel–a real estate subsidiary of Dubai World.  Though seen as a positive step in restoring fiscal balance, the process, in the view of one market analyst, “is far from over.”  (See Financial Times coverage and also read TF21 Managing Partner Lew Nescott’s take on the viability of Dubai.)  [...] [...] The Dubai Exchange rallied 10.4 percent yesterday in the wake of a $10 billion credit line from Abu Dhabi, coagulating some of the recent hemorrhaging.  A portion of the funds will reportedly be used to meet a $4.1 billion bond payment owed by Nakheel–a real estate subsidiary of Dubai World.  Though seen as a positive step in restoring fiscal balance, the process, in the view of one market analyst, “is far from over.”  (See Financial Times coverage and also read TF21 Managing Partner Lew Nescott’s take on the viability of Dubai.)  [...]

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