Dubai struggles to ease debt default fears
November 26th, 2009
| Category: Industry News
By Tamara Walid and Jeremy Gaunt DUBAI/LONDON (Reuters) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a center for investment and a source of capital. Dubai’s debt problems, a hangover from a property boom that produced the world’s tallest building, have shaken trust among Western investors who turned to the oil-exporting Gulf region for help…
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