"Dubai Does Not Need To Be Bailed Out" - Ansari
Nov 8th 2008, 10:42 am
#1
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"Dubai Does Not Need To Be Bailed Out" - Ansari
Oh really?? 
Dubai International Capital (DIC) said on Saturday Dubai's estimated $70 billion debt was "manageable" and the Gulf's commercial hub would not need to be "bailed out" as the credit crunch hits the world's top oil exporting region.
"It's not a question of them (Gulf investors) coming to bail out Dubai ... they will invest in Dubai if they see opportunities coming up," said Chief Executive Sameer al-Ansari on the sidelines of the World Economic Forum in Dubai.
He added that Gulf investors had a stake in the emirate's success, because they had already invested in it.
Ansari also said DIC, which is owned by the ruler of Dubai, was beginning to turn its attention back to Europe and United States as valuations were beginning to look better, although there was still some room for assets to bottom out.
Dubai International Capital (DIC) said on Saturday Dubai's estimated $70 billion debt was "manageable" and the Gulf's commercial hub would not need to be "bailed out" as the credit crunch hits the world's top oil exporting region.
"It's not a question of them (Gulf investors) coming to bail out Dubai ... they will invest in Dubai if they see opportunities coming up," said Chief Executive Sameer al-Ansari on the sidelines of the World Economic Forum in Dubai.
He added that Gulf investors had a stake in the emirate's success, because they had already invested in it.
Ansari also said DIC, which is owned by the ruler of Dubai, was beginning to turn its attention back to Europe and United States as valuations were beginning to look better, although there was still some room for assets to bottom out.
Nov 8th 2008, 2:05 pm
#2
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Re: "Dubai Does Not Need To Be Bailed Out" - Ansari
Normally when the ship is sinking fast, you stop bailing and start swimming, not so?
Nov 8th 2008, 2:13 pm
#3
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Re: "Dubai Does Not Need To Be Bailed Out" - Ansari
Originally Posted by Roadking
Normally when the ship is sinking fast, you stop bailing and start swimming, not so?
Nov 8th 2008, 6:43 pm
#4
If I have to explain...
Joined: Sep 2008
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Re: "Dubai Does Not Need To Be Bailed Out" - Ansari
Originally Posted by The Dean
Quite...............
Shit, sunk into an apartment on the Marina!
NOT!
