Crisis spawns loan defaults in once boomtown Dubai (Middle East Times)
Written by Admin on March 30th, 2009 in Uncategorized.
Emiratis walk past a branch of the National Bank of Dubai in the Gulf emirate on March 25, 2009. The unthinkable is happening in once-booming Dubai where credit not many months ago was as easy as the lifestyle — the world financial crisis is spawning a rising number of loan defaulters.
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