Dangerous new phase in the economic crisis

Dubai, one of seven states that make up the United Arab Emirates (UAE), is in crisis. The tiny Persian Gulf emirate, Dubai, has long sought to position itself as an international finance and trading center within today’s global economy. It built an ultra-modern image, with luxury hotels and resorts and high-profile sporting events. But the downturn has already sent some foreign workers packing for more info visit www.ash.marinebiztv.com
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tantaonews.com Because Chinese financial institutions are mostly not invested in Dubai’s failing banks, economists say, Chinese markets should not be affected by the crisis in the United Arab Emirates.

Comments (2)

 

  1. AUX999 says:
    January 19, 2012 at 5:04 am

    India just bought 100 million tonnes of gold from the IMF. That government knows the worse is yet to come. China is trying to do the same. GDP from the US with continued 200000 to 25000 jobs loss a month. Interesting how that would be possible. All those? cut jobs? Of course this will slow through holiday. What hhas changed except money being pumped into the system? Derivatives and funny credit deals are more then 10 times world GDP. The dollar is below .74

  2. AUX999 says:
    January 19, 2012 at 5:49 am

    Oh yeah.? i forgot Dubai.