Dubai Gets Aid to Pay Off Debt

MEV was quoted in the following story “Dubai Gets Aid to Pay Off Debt” in the Wall Street Journal:

Getting fresh cash from Abu Dhabi to alleviate some of the debt burden of Dubai World and its subsidiaries is a “great step forward for Dubai, the U.A.E. and the region,” said Faisal Ghori at Middle East Ventures. “It assuages investors’ concerns for the solvency of Dubai World.” What now remains to be seen is how Dubai World, and the government of Dubai will restructure their respective remaining liabilities, he said. “It also makes clear—to some extent—that Abu Dhabi will support Dubai in its pending liabilities.”