UAE

Dubai's debt problems will continue to dominate the economic agenda throughout 2010. At the time of writing, Dubai World was still engaged in negotiations with its creditors regarding a standstill agreement, credit markets were still jittery and the outlook remained poor for the property sector. The assumption of government support for quasi-sovereign corporate entities, which underpinned investor sentiment towards Dubai, and the UAE as a whole, has been thrown into question and it will take time for the markets to reassess the risks associated with doing business there. However, with its oil wealth and more stable banking and property sectors,

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