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UK banks owed $5bn by Dubai World – FT.com / Middle East / Finance UK banks have an aggregate exposure to Dubai World of about $5bn, the Financial Times has learnt, confirming them as the biggest creditor group at the crisis-hit emirate holding company. (tags: Dubai debt default banks United_Kingdom) The recurring gold "bubble" A … Read more

The dark side of Dubai – Johann Hari, Commentators – The Independent Once the manic burst of building has stopped and the whirlwind has slowed, the secrets of Dubai are slowly seeping out. This is a city built from nothing in just a few wild decades on credit and ecocide, suppression and slavery. Dubai is … Read more

Dubai business leaders, media say woes overblown | Reuters Dubai media and several business leaders rallied to support the Gulf Arab emirate's efforts to manage its debt crisis, saying problems have been exaggerated and the impact of restructuring overblown. (tags: Dubai debt default bubbles) New crisis ahead? 5 things to watch – Jon Markman …the … Read more

U.A.E. Removes Sunday London Times From Newsstands – WSJ.com The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai's debt problems, an executive at the paper said. (tags: Dubai debt default censorship U.A.E.) The Department of Lucrative Athletics – NYTimes.com The rise … Read more

DUBAI DEBACLE – Market Nut A collection of links related to the Dubai financial debacle (tags: Dubai debt default) The collapse of an economy that was built on sand – The Independent In the years of the boom, Dubai set about building with an ambition that would have made even Ozymandias blush. (tags: Dubai debt … Read more