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DubaiWorld News

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Will The Sun Never Set on Dubai's Debt?

By Joseph SchumanNov 30th 2009 – 4:45PM

(Nov. 30) -- There may be something in the financial woes of a Persian Gulf emirate that prompts gloating in the West, some latent ill will, perhaps, that dates from the oil shocks of the early 1970s. But the meltdown in Dubai, now shaking markets worldwide, is as American as a subprime mortgage loan and potentially just...

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