Money markets lose faith in Dubai - 09 Dec 09

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Uploaded by on Dec 9, 2009

Dubai has long been known as a symbol of extravagance and a city where money could buy anything, but a daunting economic recession has been threatening the financial hub's vitality.

Since their crisis began two weeks ago, Dubai continued to slide deep into financial trouble with its stock market losing 20 per cent of its value.

Dubai World, the government's main investment and development company, has also started to sell its assets and deal with credit downgrades from global ratings agencies.

Al Jazeera's Renee Odeh reports how money markets are losing faith in the Middle East's financial capital.

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  • Unbalanced greed is not a sustainable model.

    I don't feel sorry for Dubai - what you see there was largely built by slaves.

  • lol can u please start praying I win the lotto soon

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All Comments (19)

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  • I always new that Dubai would collapse. I know it has not collapsed yet but it sure is heading that way. This artificial heaven is the best example of greed at its highest.

  • what kind of slaves get paid 3 times more then back home, and work with their free will ?

    and why are they so different from ''slaves'' who are providing your supermarkets with cheap food and cloth ?

  • indentured labour is an other word for

    SLAVERY

  • indentured labour is an other word for

    SLAVERY

  • wtf r u talking about!! they were not slaves they went there willingly, no one forced them to go there and work!! and they are paid well compared to what they would get in india or pak!!

  • u are so right akhi couldn't say it better Nabi Muhammad saw tolled us about them

  • heavan on earth? hahahahahahahahahahahahaahah!!­!!

  • Not only built by slaves But muslim slaves

    they abused their muslim bros from Pakistan

    can you imagine what they would do to us

    Unbelievers if they got the.........CHANCE

  • Thats what you get for basing your economy on non-physical estates & money laundering .... Hope they & we learn from this ...

  • Couldnt agree more.

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