Dubai Struggling Under Billions In Debt

said it was seeking a six-month delay in paying creditors on nearly 60 billion dollars in debt held by its main developer, Dubai World, which owns businesses around the world from ports to the retailer Barneys New York.. It is the latest sign of Dubai's crash landing about a year ago as the global economic downturn ended a sizzling property boom, which saw prices skyrocket and investors lining up for new projects. visit ebrunews.com for more info & news... ... Dubai Struggling Under Billions ...
Author: TheEbruTV; Tags: Dubai Struggling Under Billions In Debt







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