Middle Eastern Mirage

Pendleton, Devon
April 2010
Forbes Asia;2010 Special Issue, Vol. 6 Issue 4, p70
The article presents information on the financial crises in Dubai, United Arab Emirates. Dubai shocked the world when it announced in November that it was freezing 26 billion dollars of debt payments owed by one of its government investment firms. It is stated that when with Abu Dhabi's eventual 10 billion dollars in support, investors still have serious doubts about Dubai, which is currently in talks with creditors over repayment terms for the frozen debt.


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