Commentary: UAE loan boosts Dubai, but tests remain

02/23/2009 | RGE Monitor · Financial Times (free content)

Rachel Ziemba discusses the ability of Dubai, United Arab Emirates, to support its property and banking sectors as the downturn tests the emirate's economic model of diversification from hydrocarbons to services. A $10 billion loan from the United Arab Emirates is expected to help the struggling economy and restore confidence. In the short term, the move helped boost the Dubai Financial Market index, but Ziemba explains that key tests are coming for the region.

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RGE Monitor · Financial Times (free content)

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