Dubai World Debt Scare Jolts Markets

Markets in Asia and Europe opened lower this morning as fears continue to grow over the potential fall-out should Dubai World – described as the “centerpiece” of the Dubai’s economy – fail to meet upcoming debt obligations.

“You can’t just say to the world: ‘I don’t want to pay my debts’. There is no income coming in from any of these properties. I think this is shocking PR”, said David Buik, senior partner at BGC Partners.”

BBC News

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.