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Home>Could Dubai World’s Debt Default Spark a Crisis in the Middle East and Beyond?

Could Dubai World’s Debt Default Spark a Crisis in the Middle East and Beyond?

Perspectives Content Submission

Tue, 1 Mar 2011

Published with permission from Knowledge @ Wharton , Wharton’s online business journal. When Dubai World announced late in November that it wanted a six-month delay on payments on $26 billion in debt, the financial markets were thrown for a loop. The Dow Jones Industrial Average quickly fell 155 po

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