Dubai’s Recovering Economy Will Aid Debt Payments

Dubai’s reviving economy will provide several options for it to deal with upcoming debt maturities and refinancings. Salman Al Khalifa, Deutsche Bank’s global markets head for MENA and country head for the UAE told the Reuters Investment Summit, ” “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.” In a research note JP Morgan written earlier this month said that UAE can pay down or refinance almost $14 billion in debt with “relative ease.”