To the Point
The Collapse of the 'Dubai Miracle'
Two weeks ago, the world of finance was told that Dubai had weathered the global recession. But last week, markets around the world were shaken when Dubai World, the country's major developer, asked for a six month delay in payments on billions in debt. Now, global financiers are claiming they've been misled.
By Warren Olney • • 1 min readTwo weeks ago, the world of finance was told that Dubai had weathered the global recession. But last week, markets around the world were shaken when Dubai World, the country's major developer, asked for a six month delay in payments on billions in debt. Now, global financiers are claiming they've been misled. Should investors have seen it coming? What's the possible impact on the global economy? Is the next step a kind of test for Islamic finance under Shariah law?
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- 23:33The Collapse of the 'Dubai Miracle'You’re reading this
Warren Olney
former KCRW broadcaster
Andrea Brody
Senior Producer, KCRW's Life Examined and To the Point podcast
Sonya Geis
Senior Managing Editor
Katie Cooper
Producer, 'One year Later'
Andrew Critchlow
Middle East Managing Editor, Dow Jones
Roula Khalaf
Financial Times
Ken Yeang
Director, Llewelyn Davies Yeang Architects
The full episode
2 of 2Afghanistan Becomes the Battlefield for Obama's War- 0:00Obama's Troop Build-up in Afghanistan
- 23:33The Collapse of the 'Dubai Miracle'You’re reading this