{"id":201725,"date":"2010-01-19T17:05:00","date_gmt":"2010-01-19T22:05:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/dubai-debt-actually-170-billion-2010-1"},"modified":"2010-01-19T17:05:00","modified_gmt":"2010-01-19T22:05:00","slug":"is-dubais-debt-actually-170-billion-twice-as-much-as-previously-believed","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/201725","title":{"rendered":"Is Dubai&#8217;s Debt Actually $170 Billion, Twice As Much As Previously Believed?"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b42201d00000000003f309a\/burj-dubai-tower-opening.jpg\" border=\"0\" alt=\"burj-dubai-tower-opening\" \/><\/p>\n<p>Only hours after it emerged that Dubai <a href=\"http:\/\/www.businessinsider.com\/abu-dhabis-dubai-5-billion-less-than-expected-2010-1\">did not receive half of its $10 billion bailout<\/a>, new numbers suggest that the Emirate is actually in $170 billion of debt not $80 billion like it said.<\/p>\n<p><a href=\"http:\/\/www.business-standard.com\/india\/news\/dubai%5Cs-debt-could-be-as-much-as-170-bn-report\/83541\/on\">A report<\/a> issued by the Gulf investment bank <a href=\"http:\/\/www.efg-hermes.com\/English\/Home.aspx\">EFG-Hermes<\/a> states, &#8220;The total debt held by Dubai Inc could well be in the range of $130-170 billion,&#8221; Dubai Inc being the state and its owned entities.<\/p>\n<p>This could spell further trouble for the Emirate in credit markets as its sovereign debt has been under pressure since the Dubai World funding crisis began on November 26th.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/dubai-debt-actually-170-billion-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/check-out-the-banks-that-just-made-a-boatload-of-money-on-the-dubai-bailout-2009-12\">Check Out The Banks That Just Made A Boatload Of Money On The Dubai Bailout<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/abu-dhabi-bails-out-dubai-2009-12\">Abu Dhabi Bails Out Dubai!<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/euro-brinkmanship-escalates-as-ecb-shuts-door-on-greek-bail-out-2010-1\">Euro Brinkmanship Escalates As ECB Shuts Door On Greek Bail-Out <\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/plrI3IfT2QM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Only hours after it emerged that Dubai did not receive half of its $10 billion bailout, new numbers suggest that the Emirate is actually in $170 billion of debt not $80 billion like it said. A report issued by the Gulf investment bank EFG-Hermes states, &#8220;The total debt held by Dubai Inc could well be [&hellip;]<\/p>\n","protected":false},"author":1977,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-201725","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/201725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1977"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=201725"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/201725\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=201725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=201725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=201725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}