An embattled Wall Street now faces concerns over debts plaguing the once-prosperous city of Dubai. As Hari Sreenivasan reports, Dubai’s setbacks have caused fears of a new potential credit crisis.
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27 Nov 09: Dubai debt plan causes market slump - Banks assess exposure to Dubai World - Commodity prices fall - Trading updates to come next week
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(Mosaic Intelligence Report: February 20, 2009) The petro-bonanza in the Middle East is over. Unemployment hits 15 percent in many Arab countries. Just less than a year ago as oil prices soared, Arab Gulf countries were the envy of wealth-seekers across the globe. Once hailed as the economic su...
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Stocks sank in Asia, Europe and the U.S. this week after reports that the government-owned investment arm of Dubai in the United Arab Emirates cannot pay back its loans to banks in Europe and Asia. Marcus Mabry, international business editor of The New York Times, joins Martin Savidge t...
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LaRouchePAC.com — The truth behind the Dubai debt blowout! -- Weekly strategic updates with LaRouchePAC Economics Chief John Hoefle and Counterintelligence Chief Jeff Steinberg. ... dubai world index ftse crash debt speculative markets real estate rbs royal bank scottland lloyds citi group ...
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