Dubai's debt woes have been discussed ad infinitum. The chatter started in 2009, when Dubai World delivered a shock by announcing it would seek a standstill on debt repayments as it negotiated a restructuring.
More than two years later, nobody seems to be able to drop the issue and move on, and for good reason.
Dubai still has debt problems. Even after Dubai World finalised a US$24.9 billion (Dh91.46bn) debt restructuring this year - and even after several other companies owned by the Dubai Government made progress on their own restructurings - analysts continue to raise concerns about the emirate's financial health.
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