dubau

1. DUBAI'S FINANCIAL CRISIS Credit management

3. Dubai is well positioned to attract tourists

4. Shopping, seaside, sports and safety - Four of the key ingredients that have earned Dubai a growing reputation as one of the world's most attractive and rapidly developing leisure destinations.

7. With global financial markets plunging after Dubai World, the government investment company burdened with $59 bn liabilities, requested for deferment of debt to its creditors for six months, on 25th Nov 2009.

8. Nakheel has a debt of $26bn & $3.5 bn Islamic bond due to be paid on 14th Dec 2009.

9. The Dubai government’s total debt is estimated at $80 bn.

11. ROLE OF THE DUBAI GIANTS Dubai’s main development engine- Dubai world and its real estate arm- Nakheel Issued Nakheel bonds- investors ready to invest as it was state owned Today many bonds are due and cash flows not enough to pay them back. Restructuring effect- It has a reported US$60 billion in liabilities, offset by a calculated US$40 billion in assets There is a maturity mismatch- the expected revenue is in the future while liabilities, including to contractors and suppliers, are piling up today.

15. Nikkei 1.8%

16. Shanghai composite index 2.36%

17. Australian stock exchange 3.0%

19. Annually remittances coming out around $ 10b.

20. Biggest source of capital inflows into India

22. Petroleum products - 17.53%

23. Non ferrous metals - 17.42%

24. Basmati Rice - 29.4%

27. BOB – 10000 cr for Gulf countries.

28. Counts for 7-8% of total loan book accounts.

29. Dubai having a half of the exposure .

30. But these accounts are well maintained.

31. SBI – 1500 cr.

33. Standard Chartered Bank 7.8

34. Barclays Bank Plc 3.6

35. ABN-Amro Bank N.V. (RBS) 2.2

36. Arab Bank Plc 2.1

37. Citibank N.A. 1.9

38. Bank of Baroda 1.8

39. Bank Saderat Iran 1.7

40. BNP Paribas 1.7

42. Debt does matter ... Eventually