Dubai drives hard bargain with creditors
BY ANDREW CRITCHLOW/Wall Street Journal
For Dubai World’s creditors, indignity piles upon indignity. News that the troubled state-controlled conglomerate plans to repay its lenders a meager 60 cents for every U.S. dollar they are owed is yet another blow for lenders who, until four months ago, assumed Dubai World’s debts came with an implicit sovereign guarantee.
On top of that, they have to wait seven years to get paid.Â Incredible.Â That’s what happens when you invest with anti-Semites.Â You get burned.
When there’s a will there’s a kill:
Six British passport holders dressed in tennis clothes and wearing false beards and wigs were involved in the assassination of a senior Hamas commander in Dubai, police in the Gulf state have claimed. Telegraph UK
Seven Israelis woke up on Wednesday morning to discover that their identities had been stolen and used to issueÂ passports from their countries of birth for whomever liquidated Hamas terrorist and arms dealer Mahmoud al-Mabhouh.Â Go right ahead and blame da Jooozz! Carl has more