Tuesday, May 22, 2012

 
 
 

 
 
 
 
 
Dubai shares down big this morning… decline another 6%
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Monday, December 07, 2009
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From Daily Crux Editor Justin Brill:

More misery in Dubai this week. Dubai's benchmark stock index fell 6% on news the government would not sell off assets to help tanking Dubai World. The index is at its lowest point since July.

Dubai World has tons of assets it can sell off. It owns a stake in Cirque du Soleil… Barney's of New York. It also has plenty of port assets. It had better get busy selling. The first big debt repayment is due next week.

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More on Dubai:

A peek into the dark side of Dubai

A great slide show of the Dubai debacle

Crisis averted? UAE offers Dubai bailout

Topics: Dubai | Cruxallaneous
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