There have been not just rude shocks but lots of questions with regards to the Dubai debt crisis. It also brings to light the actual financial condition of the state run organization Dubai World, which is responsible for almost 75% all of the debt owed by the country. However, the Dubai debt crisis is unlikely to spark another global financial meltdown according to experts, thanks to better governance and resilience built-up during the global financial crisis. Let’s look at some of the updates on the situation relating to this incident.
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