Dubai World

Dubai Debt Poses Challenges in 2012

by admin December 19, 2011

2012 will be a challenge for Dubai according to financial strategists who say that the emirate must find a way to settle $10 billion in debt due over the year ahead. The debt is a legacy of the financial boom experienced between 2002 and 2008, and became a serious, pressing problem when developer Dubai World [...]

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Dubai’s Economy Faces Debt Questions in 2012

by admin November 28, 2011

It has been two years since Dubai unexpectedly declared its need to restructure $25 billion in debt but questions remain on whether its economy can navigate successfully the treacherous shoals of insolvency. There was a troubling sign in August when the maritime services company of Dubai World, the main investment company for the Dubai government, [...]

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