| 01.12.2009 - Dubai's woes are a blow to its ambitious ruler, Sheik Mo |
| From Time.com: A glance at the $600 billion-plus balance sheet of Abu Dhabi's sovereign wealth fund puts Dubai's debt crisis in a softer light. And, as far as Dubai's leaders are concerned, the problem is largely limited to egregious over-borrowing by one company in one sector, Nakheel, the Dubai World subsidiary behind huge property projects like The Palm and The World, built on injected sand off the Gulf coast..................................Full Article: Source |