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Dubai financial crisis reverberates across the globe


Monday, November 30, 2009

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Dubai's property market is likely to face further price falls and increased concerns over the availability of finance after the emirate said it would delay debt payment issued by two of its flagship firms, analysts said. 

Dubai rocked the financial world on November 25 when it said it would ask creditors of Dubai World, the conglomerate behind its rapid expansion.

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Tags: Bank, Bill, Dubai, War, World

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