It is reported that Dubai needs to repay about $50 billion worth of debt over the next three years. It is not shocking to me after seeing them splurging money to build world's largest, tallest for almost everything. With oil now more than half its price 2 years ago, it is going to be tough.
S&P: Dubai Support Fund Insufficient To Meet Debts [via]
In a separate article published in PM Network August 2009 Volume 23, No. 8, article titled "DUBAI TAKES A DIVE?", I read the below.
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