Dubai is going through debt problems. Dubai World is $59bn in debt has started to disappoint many investors in Dubai. Asian and European banks has quickly distanced themselves from Dubai. Shares on the Hang Seng Index in Hong Kong dropped steady to 3.45 percent after the morning session and down 765.28 points to 21,445.13 due to panic. Dubai will have to suffer a lot because of a lot of panic after the news and due to others reaction to the news.
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