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Oil price plunge could pull Dubai down with it - Times LIVE
Times LIVE | Oil price plunge could pull Dubai down with it Times LIVE The Gulf sheikhdom had loaded up on billions of dollars of debt in a race to diversify its economy, which, unlike many of its neighbours, is not dependent on oil. The strategy came unstuck in late 2009 when the emirate shocked the markets with the ... S&P affirms Abu Dhabi's rating, as vast wealth helps emirate cushion oil price ... |
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