With missed loan payment, Dubai’s golden aura dims
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DUBAI, UNITED ARAB EMIRATES — The leaders of Dubai have been accustomed to an easy ride when it comes to raising money, with bank and bond investors around the world willing to pump tens of billions of dollars into increasingly grandiose projects on the premise that, if anything went bad, the emirate and its oil-rich neighbor, Abu Dhabi, would stand behind the debt.
admin @ December 14, 2009