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.
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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