THE SHEIKH'S BROKE
Just wondered what anyone thought regards Dubai heading towards defaulting on its debt. The Inghams can buy their empire back at a quarter of the price in a fire sale! (ALA Kerry Packer)
my experience with these "type of people" is that they have bucket loads of cash and are the slowest at paying for things - simply out of habit. So it is more than likely they will cover the debt at the death knock. Would not read too much more into it...
Also important to note that though "Dubai World" is completely swamped in debt ($480 BILLION USD) they are a corporate entity that is owned by the UAE Govt. The cunning guys over there basically have given no guarantees to "Dubai World" and as such the UAE Govt is completely safe from the debt.
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