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Dubai in recession

Global finance crisis affected Dubai.


Golden Times for Dubai over?

Dubai debt



Call the central government investment holding company Dubai World to delay payment of some 60 billion dollars by May next year the stock market turmoil today parquet.
 
News that central government investment holding company Dubai Emirate of Dubai World creditors called for deferring the payment of approximately 60 billion dollars of debt by May next year, still shaken European stock parquet. Po četrtkovem šoku so osrednje evropske borze današnje trgovanje prav tako začele s padci, ki pa so manj izraziti. After Thursday's shock are the main European stock exchanges today's trading have also started to drop, but less pronounced.

In London the FTSE 100 index, compared with Thursday for now so reduced to 0.27 percent, to 5180 points, in Frankfurt the DAX lost 0.29 per cent initially, and only about 5600 points, the Paris CAC 40 was reduced to 0 , 11 percentage points in 3675.

 

80 billions debt of the country

Dubai World debts amount to 60 billion dollars at a total of 80 billion dollars of debt the entire country. Prošnja upnikom za odlog plačila je razlog za bojazni pred morebitnim zlomom tega investicijskega holdinga ter posledicami, ki bi jih to lahko imelo za banke upnice. The request for deferral of payment to creditors the reason for the fear of a possible collapse of an investment holding company and the consequences that this may lead to creditor banks. Dubajski finančni trgi so danes zaprti. Dubai financial markets are closed today.

Golden times for Dubai, because of global financial and economic crisis is over. Morebiten bankrot države po mnenju finančnih strokovnjakov sicer ni verjeten, sta se pa znašla državni investicijski holding Dubai World in njegova hčerinska družba Nakheel v resnih težavah. Potential bankruptcy, according to the country's financial expert is not likely, as the state is facing an investment holding company Dubai World and its subsidiary Nakheel in real trouble.

 

Dispersed debt

News is already in the deteriorating financial markets Thursday, were the most affected European bank shares. Banka za mednarodne poravnave je ocenila, da je izpostavljenost evropskih bank nasedlim nepremičninskim projektom Dubai World okoli 62 milijard evrov, vendar pa je po navedbah bančnikov dolg Dubai World zelo razpršen, zato nobena posamezna banka ni zelo resno ogrožena. Bank for International Settlements has estimated that the exposure of European banks stranded estate projects around Dubai World 62 billion, but according to debt bankers Dubai World is very dispersed, and no single bank is not very serious threat.

Even more problems are Dubai World shook the Asian markets. Borze v Aziji so tako utrpele velike padce. Stock exchanges in Asia, both suffered big falls. Tokijski Nikkei je končal 3,22 odstotka nižje, hongkonški Hang Seng je izgubil 4,8 odstotka, vrednost osrednjega indeksa šanghajske borze pa je padla za 2,4 odstotka. Tokyo Nikkei ended 3.22 percent lower and Hong Kong Hang Seng lost 4.8 percent, the central value of the Shanghai Stock Exchange index fell by 2.4 percent.