Dubai isn’t likely to go Bankrupt

The worst plunge in Dubai stocks in a year and record retreat forAbu Dhabi are luringMark Mobius to “bombed out” Emaar Properties while investors say phone companies, airlines and port operators have become bargains.

Dubai isn’t likely to go bankrupt and will be “bailed out,” Mobius, who oversees more than $30 billion of developing- nation assets as chairman of Templeton Asset Management Ltd., told Bloomberg. “From a longer- term perspective, you’ve got to look at these really bombed out sectors,” he said.

Source: Bloomberg