AP – Just a year after the global downturn derailed Dubai’s explosive growth, the city is now so swamped in debt that it’s asking for a six-month reprieve on paying its bills — causing a drop on world markets Thursday and raising questions about Dubai’s reputation as a magnet for international investment.
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Dubai request for debt ’standstill’ raises fear
(AP)
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Dubai request for debt ’standstill’ raises fear (AP)
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