Sunday, Nov 29, 2009

Another financial wheeze?

Haruspicy Finance: Is Dubai playing chicken?

Dubai made a cryptic announcement about delaying payment on a bond and then went quiet (it's Eid, a two-week local hol). Meanwhile it's Thanksgiving in the US, a low-liquidity time in markets. Is Sheikh Mo trying to spook those markets and push down the prices of Dubai's bonds so that he can buy them back at arm's length?

Posted by icarus @ 06:50 PM (980 views)
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1. icarus said...

Sorry, it's at

Sunday, November 29, 2009 06:54PM Report Comment

2. icarus said...

This would have to be an endgame ploy, since Dubai would no longer be able to access international bond markets again if it pulled a fast one like this. Maybe Dubai will be absorbed into Abu Dhabi.

Sunday, November 29, 2009 07:34PM Report Comment

3. This comment has been removed as it was found to be in breach of our Blog Policies.


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