• The question right now is is it just a Dubai issue or is the whole UAE in trouble, does Abu Dhabi still have enough cash to help Dubai?
• Merrill Lynch sales manager in emerg­ing markets equity Amr Abousha­ban • Describ­ing shaken investor confi­dence in the Middle East after Dubai said it couldn’t repay billions in loans. There are other areas in the region – most notably Abu Dhabi – that might be able to help the Middle East’s largest sign of unpar­al­leled wealth, but investors are scram­bling to keep their money safe in other regional finan­cial havens as a result of the news. source

Posted by Ernie Smith • Permalink