30.11.2009 - Dubai crisis: Making mountain out of molehill?
From Business-standard.com: Amid a pall of gloom over millions of families across India-- dependent on regular remittances from the Middle East-- after Dubai World's repayment crisis, businessmen and analysts on the ground find the world was over-reacting and worries perhaps unfounded. "It may have been headline material but it was 48 hours too late," says a Dubai World official on condition of anonymity. According to him, for all practical purposes this was debt payment delay and not a default as it is being made out to be................................Full Article: Source
Print