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Dubai ‘needs more time’; investor confidence hitInvestor confidence in Dubai took a fresh knock on Tuesday as its leaders dithered over a rescue for debt-laden company Dubai World and ratings agency Moody's slapped a downgrade on government-related debt. 'You can usually take th More… |
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Dubai World crisis to slow UAE recovery: IMFThe International Monetary Fund expects to cut its 2010 growth forecast for the UAE as economic activity slows due to the debt woes of state-owned Dubai World, a top IMF official has said. Masood Ahmed, director for the IMF's Middle East a More… |
