Elsewhere in Europe were the important indicators about 2 percent return. Fund manager Corne van Zeijl of SNS Asset Management, said not very surprised about the developments in Dubai. The construction boom of recent years according to him was based on quicksand. You could feel it in your wooden shoes were a bubble''said Van Zeijl. Yet he said the price falls after the announcement of the dramatic situation''and''remarkable. When the news about the debt moratorium came out Wednesday, there were no worries on Wall Street.
Bank and insurer ING was a 6 percent depreciation of one of the worst affected in the stock market. The company said a''negligible''to have exposure to Dubai World The company has debentures of Dubai World holding. ING is also a consortium of banks have provided loans to the company. But ING''calls itself for that matter any of the smaller players''.
The dredgers Boskalis and Van Oord say not bothered by the financial turmoil in the emirate. Van Oord has contributed to the construction of several palm islands in the country. Boskalis was also active. Credit rating lowered Thursday for the evaluation of five state-owned Dubai. They worry about the financing of enterprises.
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