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Posted on November 27, 2009 | tags

 
 

Biz, World: Investors looking for an out from the mirage of Dubai

  • 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
 
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