Dubai may forfeit hub status for help
China Daily | Updated: 2009-12-01 08:05
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'The Palm Jumeirah' built by property developer Nakheel PJSC in Dubai. The company has asked for three of its listed Islamic bonds on Nasdaq Dubai to be suspended. Bloomberg News |
DUBAI: Dubai, the debt-laden Gulf city-state, may lose its status as the region's financial hub in return for a rescue package from its oil-rich neighbor Abu Dhabi, economists and analysts said.
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