Dubai Offers Dubai World $9.5 Billion in New Funds

All failed sovereign or quasi sovereign debt will be bailed out one way or another thereby representing QE of one sort or another.

Dubai offers Dubai World new funds. Dubai will provide $9.5B to support Dubai World's debt restructuring. The state-owned holding company has asked creditors to wait as long as eight years to get all of their money back, and the new cash injection brings Dubai's investment in Dubai World to $20B since November, when the company first said it would delay repaying debt. The funds include $5.7B remaining from a loan Abu Dhabi had made earlier, but no new money from Abu Dhabi.

Bailouts continue in the US, but they have become far more quiet in comparison. They are hidden in the sea of headline noise and creative accounting.

Source: bloomberg.com