Tag: dubai world
Today’s Question: How will Dubai’s debt default affect the world economy?
by Mr. Wiseman on Dec.03, 2009, under Opinions
Over the past decade Dubai has touted its resorts, skyscrapers and beaches to build a brand of luxury and extravagance. Its momentum fueled by Western investors, last fall’s financial crisis exposed just how much the Arab emirate had borrowed — between $80 and $90 billion. (continue reading…)
