This story in Bloomberg hints that Dubai may be approaching a credit problem.
This is a quote from the article:
While Dubai's economic model ``has proved successful to date, cumulative liabilities are currently rising faster than investments are able to generate returns, which increases Dubai's medium term susceptibility to execution risks and necessitates a clear understanding of wider implicit federal support when rating key government-backed corporations,'' Lotter said.
Sounds like economics-speak than means the debt is rising faster than Dubai's ability to pay the monthly note.
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