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Dubai Debt

12/15/2009 9:11:27 AM

The Dubai developer Nakheel accrued repayment of $4.1 billion bond. The information was provided Tuesday. Nasdaq Dubai issued a review of reassurance to other Islamic bond investors to sound stability. An interest payment on a $3.2 billion Islamic bond starting December 16 from Government utility Dubai Electricity and Water Authority (DEWA). Dubai's stock market is up by 22 percent the debt is hard on investors minds even though the Dubai debt declined by 1.5 percent.It was a no go on insuring Dubai's debt against.


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