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“It suddenly struck me that that tiny pea, pretty and blue, was the Earth. I put up my thumb and shut one eye, and my thumb blotted out the planet Earth. I didn't feel like a giant. I felt very, very small.” – Neil Armstrong (1930-2012)

Fresh Reads from the Science 'o sphere!

Friday, November 27, 2009

Dubai World's US$59 Billion Debt

Dubai's sovereign wealth fund, Dubai World, has shocked investors with an announcement to delay debt payments until 30th May 2010.

Before the onset of the global economic recession, Dubai accumulated US$80 billion of debt, of which US$59 billion is owed by Dubai World.

Would you like to know more?
- Dubai World Seeks to Delay Debt Payments as Default Risk Soars (Bloomberg)
- World stocks slump amid Dubai's debt woes (Daily Mail)
- Dubai’s debt default shakes world (Hindustan Times)
- Dubai World debt fears haunt financial markets (The Australian)

1 Comment:

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