Browse related articles'Dubai dream' may be over, says Citigroup
United Arab Emirates: Wednesday, November 19 - 2008 at 10:54
A new report by Citigroup says the 'Dubai dream' may be over because falling oil prices are drying up investment from the emirate's crude-exporting neighbours. Dubai's two biggest concerns are its real-estate sector and how it will refinance the debt it has built up in recent years, the report said. However, while noting that Dubai is experiencing a 'much-needed correction in the property market,' the report added that 'global conditions are likely to slow Dubai's economic growth, but not knock it out'.
See Also
Also consider reading:
- » Kuwait to set up fund to buy stocks
- » DFM drops 5.12%
- » DIFX is rebranded 'NASDAQ Dubai'
- » Dubai World says it is not for sale
- » Dubai allays credit fears
- » Dubai in talks with UAE over loan facility
- » Dubai forms committee to tackle crisis
- » UAE gov't plans no cash injection into markets
- » UAE stocks end flat
- » US stocks tumble
Facebook
LinkedIn
Digg
Jeff Florian, Senior ReporterWednesday, November 19 - 2008 at 10:54 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds