Dubai Fallout Makes Financing Tougher

[guest]

As members of the Gulf Cooperation Council prepare to meet next week, funding for ambitious development projects is getting scarcer since Dubai's woes emerged


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[mneilson]

The financial meltdown effect of Dubai may last longer than anticipated. But it is a matter of happiness that Saudi Arabia and Qatar are having good financial balance sheet. The Banks and financial institutions would apply stringer norms while granting or restructuring loan to UAE and Dubai. But there are hopes as Dubai/UAE is oil rich nations. Any price rise in crude oil would make their tasks simpler