UAE. Dubai expects two of its main companies to refinance debt this year without government help as economic growth accelerates. "I'm very confident they will manage to sort out these issues on their own," Mohammed Al Shaibani, director general of the Dubai ruler's court, said.
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."