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BREAKING NEWS

Boom turns to bust in Dubai

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Boom turns to bust in Dubai

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Boom times are definitely over in Dubai it seems, with the news Dubai World, the nation’s flagship conglomerate, is seeking a debt standstill from creditors.

Overall worries about Dubai’s total debt has hit global markets, with stocks down and investors nervous as to the real state of the economy as they seek to ensure a profitable year’s end, and protect their bonuses.