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Insuring Dubai debt costs more

Uncertainty about Dubai World’s $22 billion debt restructuring is starting to weigh on the credit, pushing up bond yields and Dubai’s debt insurance costs, according to Reuters. Five-year credit default swaps (CDS) for Dubai have risen sharply in the past week and are now quoted at 510 basis points (bps), up about 45 bps on […]

Dubai’s property market, remained under intense pressure in the wake of global financial crisis and Dubai Debt Crisis, is still fertile for investors across the global despite all odds. The market has potential to rebound and it has been offering huge opportunities to the investors. Nicholas Marr, Chief Executive of Homesgofast, said that the market […]