Mostaque Says Transparency Key to Dubai Debt Solution: Video

Nov. 30 (Bloomberg) -- Emad Mostaque, Middle East equity-fund manager at Pictet Asset Management,...  More »

Nov. 30 (Bloomberg) -- Emad Mostaque, Middle East equity-fund manager at Pictet Asset Management, talks with Bloomberg's Margaret Brennan and Francine Lacqua about the risk of debt default by Dubai. Dubai’s debt risk, after jumping the most last week since January, is still below the level signaling a potential failure as investors expect the emirate will be rescued by oil-rich neighbor Abu Dhabi. The cost to protect against Dubai reneging on obligations doubled last week after state company Dubai World, with $59 billion of liabilities, sought a “standstill” agreement from creditors. (Source: Bloomberg)  « Less