The agreement between Dubai, Abu Dhabi and the Central Bank of the UAE to rollover $20bn of Dubai’s government debt marks another important step in the Emirate’s recovery from its 2009-10 crisis. However, the bigger concern lies with debt owed by Dubai’s government-related entities, a large chunk of which is set to mature over the next few years.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.