Global Markets Down Sharply on Dubai Debt
413 views · Published 30 November 2009 · 2:28 · Indexed 20 September 2026
Channel: Voice of America · 2009 · News & Politics
More signs of a troubled global economy. Dubai, with an economy that was once the envy of the Gulf, has asked creditors for a postponement of payments on a 60 billion dollar debt. The announcement from the oil-rich emirate has sparked fears of a second financial crisis like the one that began in the United states last year, sending global stock markets sharply lower Friday. VOA's Mil Arcega has more.
