Dubai does not have much, if any, oil. It's neighbour, Abu Dhabi, has heaps though.
Dubai runs on tourism & a speculative property market.
SDG has received down-payments for projects started, or about to start, that, I believe, are included in their debt ratios. What happens if the projects are not completed/started? How much of these down-payments will need to be returned? How much will their assets be written down in Dubai, with nobody buying real estate there any more? What will their gearing look like then?
Not bagging SDG. These are just questions that I'd like answered & that are preventing me from re-entering.
SDG Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held
