Global Investing

Dubai World crisis dispels wishful thinking

February 15, 2010

Dubai WorldThe Dubai World crisis has forced sukuk bond investors to wake up to the reality that sukuk isn’t completely straightforward, said Farmida Bi, a partner at Norton Rose, speaking at the Reuters Islamic Banking and Finance Summit in London on Monday.

from MacroScope:

Tale of two SWFs

September 17, 2009

As the world moves closer to the end of the credit crisis, sovereign wealth funds around the world are experiencing mixed fortunes.

Dubai pride helps Nakheel to save face

September 3, 2009

    

By Jason Benham

 

It’s the property face of the Gulf’s business and tourist hub and the developer of palm-shaped islands visible from space – so Dubai will simply not allow property firm Nakheel to default on its huge $3.5 billion Islamic bonds which mature in December.