Dubai’s new boom assumes short memories

February 18, 2013

The world’s biggest Ferris wheel and a replica Taj Mahal are among the extravagant new mega-projects planned in the emirate. Dubai’s strategy isn’t quite a repeat of the expansion that crippled it in 2009. But funding will be hard while an existing debt restructuring looms large.

Don’t wave Dubai bye yet

December 24, 2009

Dubai's reputation has ended the year in tatters, but there's no need to wave Dubai-bye quite yet. Abu Dhabi, the capital of the United Arab Emirates and the source of rescue loans for its neighbor, has good reasons to keep Dubai on life-support.

Stop the Dubai World, I want to get off

November 25, 2009

At long last, Dubai has admitted what has been obvious to everyone else for months: it can't pay its debts.

China is moving closer to its “Dubai moment”

December 20, 2013

The emirate in 2009 shocked lenders who assumed it stood behind all local debt. As China shifts to a more market-based financial system, it will have to draw a clearer line between public and private loans. A system for protecting bank deposits is crucial to limiting the fallout.