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By the way the whole Dubai bubble or project is financed by someone else's credit card. If it weren't for Abu Dhabi, the bigger sister emirate, bail-out package
by gotchange 11y ago
By the way the whole Dubai bubble or project is financed by someone else's credit card. If it weren't for Abu Dhabi, the bigger sister emirate, bail-out package during the financial crisis, the whole emirate would have gone belly up and disappeared afterwards. [0]
[0]: http://www.bloomberg.com/news/articles/2014-03-16/dubai-rolls-over-20-billion-abu-dhabi-central-bank-debt-at-1- http://www.bloomberg.com/news/articles/2014-03-16/dubai-roll...