The Dubai Financial Crisis
Posted on November 29, 2009
Dubai it turns out not as glamorous as it seems. On paying debt in particular
DUBAI, United Arab Emirates — As world markets absorbed the shock of Dubai’s debt crisis, the ruler of the once-booming city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi whose balance sheets are flush with oil revenue.
It’s not known what promises were made inside the halls in Al Ain during the parade of visitors for an important Islamic feast day on Friday. But their new relationship is clear. Abu Dhabi has the cash and cachet to be Dubai’s white knight — in a Gulf version of a too-big-to-fail bailout or to help calm markets with promises to intervene if Dubai’s fiscal mess deepens.
Filed Under Asides Tags: dubai, economy
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What we see is not always what we get ^_^
The Burj Al Arab apparently becomes the Burl of Arab?
The glamorous Arabic seems to be fake. I love my country anyway.
I agree with Idii…
salah satu kemunduran dunia arab…, hanya mementingkan kemewahan..
It’s not known what promises were made inside the halls in Al Ain during the parade of visitors for an important Islamic feast day on Friday.
Krisis tp bisa bangun gedung tertinggi di dunia yah