From Kuwaittimes.net: Fears that Dubai’s debt problems are not limited to troubled state conglomerate Dubai World battered investor confidence in the world’s top oil-exporting region and sent Gulf shares tumbling yesterday.
Investors have been left in the dark since the Gulf business hub announced on Nov 25 that it sought to delay payment on Dubai World debt while it overhauls the sprawling state firm, which builds and operates everything from ports to luxury flats…………………………….Full Article: Source