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)
Research Digest posts, #1: A self-fulfilling fallacy? - This week I will be blogging over at the BPS Research Digest. The Digest was written for over ten years by psychology-writer extraordinaire Christian Jarre...
14 hours ago