For those S’poreans who hate Temasek, forever gloating, whenever Temasek messes up, the pickings from Dubai are slim. The TLCs have tiny exposures there even CapitaLand and DBS, S’pore’s national champs active in the area.
Even Standard Chartered’s exposure to the part of Dubai World under restructuring, is according to the FT, US$350m: peanuts.
Gd work Singapore Inc.
The TLCs went to where the $ were Abu Dhabi.