Tuesday, December 1, 2009

Dubai-latest victim of economic bubble burst

Apartments in Palm Island are still vacant

You have heard it from United States of America, you have heard it from United Kingdom...major banks and companies which file for bankruptcy will not be saved by their government.....

And just when we in Malaysia heaved our breath; that at last the economy has seen its worst day and met its bottom pit, and on the way to an upswing growth...............we have the bad news from UAE .

The Dubai Government will not guarantee debts by Dubai World

Readers can read more news here http://www.arabianbusiness.com/574684-al-habtoor-slams-dubai-debts-over-reaction

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