Contrary to what most people thought, its not petrol money that funded Dubai aggressive development. Its foreign fund. Thus, when the whole world went through economic meltdown, Dubai couldn't escape either. It had to come sooner or later. Yesterday, the European markets tumbled. Then the Asian markets followed. Tonight, the Dow Jones is already down more than 200 points since opening a few minutes ago. This is real bad. Just when we thought the bears have disappeared..... for good. Just don't know what will come next!
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