Dubai World’s debt is its own, official says
Posted: December 1, 2009 at 3:52 a.m.
The Burj Dubai, which will be the world’s tallest building when finished, is framed by cranes standing at a construction site in the Business Bay district in Dubai, United Arab Emirates, on Monday.
The heavily indebted Dubai World is not guaranteed by the emirate’s government, a top financial official from the city-state said Monday, offering little direction to anxious investors on a day when the United Arab Emirates’ markets sank on the back of Dubai’s debt mess.
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Business, Pages 23 on 12/01/2009
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