Over the past decade Dubai has touted its resorts, skyscrapers and beaches to build a brand of luxury and extravagance. Its momentum fueled by Western investors, and last fall’s financial crisis exposed just how much the Arab emirate had borrowed — between $80 billion and $90 billion.
Today's Question: How will Dubai's debt default affect the world economy?
Thursday, December 3, 2009 | 12:01 a.m. CST;
updated 6:30 p.m. CST, Thursday, December 3, 2009
To read the full article, please sign up or login.
Get full access to the Columbia Missourian on your computer, phone, and tablet for just $5.95 per month.
* Unlimited access on your iPhone, iPad, Android phone and Android tablet
* All the high-quality, in-depth journalism of the Columbia Missourian and Vox Magazine, updated 24/7
* Your news. Your device. Your time.
If you'd like to read more about the value of being a member, read this column from the Missourian's executive editor, Tom Warhover.
advertisements
