The document summarizes Dubai's debt crisis and its impacts. It discusses how Dubai accumulated large debts through real estate speculation and risky lending. When Dubai World requested delays in debt repayments of $59 billion, it shocked global markets. Abu Dhabi then provided $10 billion in aid to help Dubai repay its debts. The crisis raised concerns for global banks lending to Dubai and regional economic impacts, but Dubai is expected to eventually recover as its projects are completed.

1. Credit and loan syndication management Prepared by: Hocine boughezala hamad 802042 Prepared for : prof: Cik Julaila Johari

2. Introduction Background of Dubai Dubai debt problems Dubai after crisis Conclusion Content

6. Dubai’s contribution to the UAE’s Gross Domestic Product (GDP) is around 29%

7. Sectoral composition of GDP of Dubai

12. Historical Dubai Credit-default swap (CDS )

15. Consolidated management accounts of Dubai World (as of 31 December 2008)

16. UAE annual redemption profile - 2009 through 2037 (USDbn)

23. Conclusion Even if Dubai's troubles deepen, there may be a silver lining. He predicts that Dubai World's lenders will supply funds needed to complete real estate projects that have stalled, because the buildings will be more valuable finished. He notes that Florida suffered a burst real estate bubble in 1926, but that the excess building eventually drew people to Florida from around the U.S. and eventually made the state an economic powerhouse . "A similar thing will happen in Dubai," he adds. "Their ego is a bit bruised…They will have to be a bit more realistic. N. Bulent Gultekin Associate Professor of Finance University of Pennsylvania