Wednesday 26 October 2011

Dubai has options to handle debt maturities: Deutsche Bank | Reuters

Dubai has several options to handle its upcoming debt maturities and refinancing requirements, mainly thanks to reviving economic growth and stable income streams, a senior executive at Deutsche Bank (DBKGn.DE) said on Tuesday.

"There are many options to handle upcoming debt maturities. When you have assets and/or the right level of income, you can solve them with the right amount of creativity," Salman Al Khalifa, global markets head for MENA and country head for the United Arab Emirates, told the Reuters Middle East Investment Summit.

Dubai has been in the spotlight over its debt woes since late 2009, as it has struggled to rebuild investor confidence after state-owned Dubai World DBWLD.UL announced a $26 billion restructuring.

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