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Old Nov 27, 2009 | 10:02 am
  #12  
climmy
All eyes on you!
20 Years on Site
 
Join Date: Dec 2004
Location: Lovely Tahoe City
Programs: UA 1mm Gold. Former 1K and GS.
Posts: 951
It was my understanding that the last time Dubai approached AD about backing some debt, AD wanted to take control of some significant Dubai assets.

This included flagship items such as Emirates, Burj Dubai, etc. Dubai balked and approached Saudi Arabia.

Politically, AD didn't want this to happen so they backed down and gave up the cash without all the strings. It might be different this time around.
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