Posts Tagged ‘Dubai-world

27
Nov
09

Is Dubai’s culture of excess too good to last?

South KoreaIndia,  Canada, Mexico – you’ll struggle to find a market that hasn’t woken up to the here we go again syndrome today. 

A leading state-owned firm in Dubai has announced  it will be delaying debt repayments for six months, plunging markets into mayhem.

Are we about to embark on global financial crisis  ’round two’? And after decades of lavish living, is it time to say bye bye to Dubai?

Continue reading ‘Is Dubai’s culture of excess too good to last?’




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