The total debt of cash-strapped Dubai could be as much as 170 billion dollars, much higher than earlier reported, according to a report by EFG-Hermes regional investment bank.
"The total debt held by Dubai Inc could well be in the range of 130-170
billion dollars," the bank said in its 2010 UAE Yearbook, a copy of
which was received by AFP on Tuesday.
Dubai Inc is a term used to refer to the Dubai government and its government-related entities.
Dubai shook world markets in November when it said it wanted to request
a freeze on debt repayments by its largest and most-indebted
conglomerate, Dubai World.
At the time, Dubai's total debt, including that of its state firms, was
reportedly 80 billion dollars, with Dubai World owing 59 billion
dollars.
Person | About | Day |
---|---|---|
نسرین ستوده: زندانی روز | Dec 04 | |
Saeed Malekpour: Prisoner of the day | Lawyer says death sentence suspended | Dec 03 |
Majid Tavakoli: Prisoner of the day | Iterview with mother | Dec 02 |
احسان نراقی: جامعه شناس و نویسنده ۱۳۰۵-۱۳۹۱ | Dec 02 | |
Nasrin Sotoudeh: Prisoner of the day | 46 days on hunger strike | Dec 01 |
Nasrin Sotoudeh: Graffiti | In Barcelona | Nov 30 |
گوهر عشقی: مادر ستار بهشتی | Nov 30 | |
Abdollah Momeni: Prisoner of the day | Activist denied leave and family visits for 1.5 years | Nov 30 |
محمد کلالی: یکی از حمله کنندگان به سفارت ایران در برلین | Nov 29 | |
Habibollah Golparipour: Prisoner of the day | Kurdish Activist on Death Row | Nov 28 |
Serves the greedy b*st*rds right
by AsteroidX on Wed Jan 20, 2010 02:12 AM PSTThe whole property projects and resorts (ski slopes in the middle of a desert) are so unfriendly to the environment. It was all bound to fail.
Dubai's artificial islands have high environmental cost - The Price of "The World": Dubai's Artificial Future
//news.mongabay.com/2005/0823-tina_butler_dubai.html
Chilling developments in Dubai - A refrigerated swimming pool and an artificially cooled beach - Dubai's latest excesses are enough to make conservationists weep. //www.guardian.co.uk/environment/2008/dec/18/...