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Dubai Debt

Dubai Debt Leads To Abadoned Cat And Dog Problem (VIDEO)

GlobalPost | Christopher Booker And Tomd Hundley | Posted 05.25.2011 | World

GlobalPost looks at Dubai's abandoned pet problem. ...

Dubai World offers $9.5B in new aid to struggling firm

AP | BARBARA SURK and ADAM SCHRECK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Dubai's government on Thursday said it will pump up to $9.5 billion into Dubai World, outlining a long-awaited res...

Burj Khalifa Blames Faulty Elevator For Tower Shutdown

AP | ADAM SCHRECK | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — Visitors on the observation deck of the world's tallest tower heard a loud boom, then saw dust that looked like sm...

Abu Dhabi's Dubai Bailout $5 Billion Less Than Previously Thought

Reuters | Amran Abocar | Posted 05.25.2011 | Business

DUBAI (Reuters) - Abu Dhabi's $10 billion December bailout to Dubai included $5 billion already committed by two banks controlled by the emirate, sign...

Kenneth Rogoff: Dubai

Project Syndicate | Kenneth Rogoff | Posted 05.25.2011 | Business

There are those that revel in what they see as a come-uppance for brash Dubai's outsized ambitions. I, for one, do not share this view. Yes, Dubai, wi...

Dubai Jitters Pound Stocks

AP | Posted 05.25.2011 | Business

NEW YORK — Gold prices fell for the first time in 10 days and oil slid as jitters over debt problems in the Middle Eastern city of Dubai drove t...

Dubai At The Height Of Extravagance (PHOTOS)

Posted 05.25.2011 | World

Dubai's decade of oil wealth, property speculation and wild dreams created a roster of projects that are awe inspiring in their ambition. The world'...

Abu Dhabi Won't Bail Out Dubai

Reuters | Posted 05.25.2011 | Business

ABU DHABI (Reuters) - Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior...

Abu Dhabi Supplies $10 Billion To Dubai

AP | STEFANIA BIANCHI | Posted 05.25.2011 | World

DUBAI --Dubai's government Monday said it received $10 billion in financing from Abu Dhabi, which will pay part of the debt held by conglomerate Dubai...

The Resilience of Dubai and the Gulf

Fareed Mohamedi | Posted 05.25.2011 | Business
Fareed Mohamedi

Despite this proclivity towards over-borrowing, the fundamentals of the Dubai model are still sound. The infrastructure has been built and is still very useful, and the underlying business logic is still very viable.

Dubai Request For Debt 'Standstill' Shakes World Markets

AP | BARBARA SURK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that i...

Burj Dubai, World's Tallest Skyscraper `Last Hurrah' To Dubai's Age Of Excess

AP | BRIAN MURPHY | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — When work began in 2004 to build the world's tallest tower, Dubai's confidence also was sky high with a host of me...

Dubai's Debt Problems Cast Shadow Over Entire Region

AP | BARBARA SURK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world'...

Dubai World Will Try To Raise Cash By Selling Assets

AP | ADAM SCHRECK | Posted 05.25.2011 | Business

DUBAI, United Arab Emirates — Dubai World, the cash-strapped conglomerate at the center of Dubai's debt crisis, appears set for an unaccustomed ...

UAE Will Back Banks Despite Dubai Debt Crisis

AP | BARBARA SURK and TAREK EL-TABLAWY | Posted 05.25.2011 | World

DUBAI, United Arab Emirates — The United Arab Emirates has pledged to stand behind foreign and domestic banks in the country, offering additiona...

The Dark Side Of Dubai

Johann Hari | Posted 05.25.2011 | World
Johann Hari

Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out.