The question right now is is it just a Dubai issue or is the whole UAE in trouble, does Abu Dhabi still have enough cash to help Dubai?
Merrill Lynch sales manager in emerging markets equity Amr Aboushaban • Describing shaken investor confidence in the Middle East after Dubai said it couldn’t repay billions in loans. There are other areas in the region – most notably Abu Dhabi – that might be able to help the Middle East’s largest sign of unparalleled wealth, but investors are scrambling to keep their money safe in other regional financial havens as a result of the news. source
My job to the Muslim world is to communicate that the Americans are not your enemy. We sometimes make mistakes. We have not been perfect.
Barack Obama • in an interview with Dubai-based television network Al-Arabiya. The president promised during his campaign to improve ties with the Muslim world and will speak at the capital of a Muslim nation during the first 100 days he’s in office. • source