Dubai May Sell QE2 To Tackle Debt Crisis [Dow Down 154 at 1:30 p.m. EST!]
Dubai May Sell QE2 To Tackle Debt Crisis The high-profile "trophy asset" of Dubai's boom years may have to be sold to pay off the emirate's mounting debts. By Richard Spencer in Dubai 27 Nov 2009 The QE2 arrives at Port Rashid in Dubai. The Gulf state may have to sell the high profile asset acquired during the boom years. Photo: Reuters Dubai World, the state-run company at the heart of a default crisis that has sent shock waves through the global financial system, bought a string of prestige stakes and properties as the city grew. The team of auditors...
Original Article: Forum: News/Activism
Tags: Boom, Debt Crisis, Debts, Dow 30, Dubai, Emirate, Global Financial System, Heart, High Profile, Photo World, Port Rashid, Prestige, Qe2, Reuters, Richard Spencer, Shock Waves, Trophy, X27