Dec 4, 2008
Dubai Eight Months Later
You may remember last March when Marketplace broadcast its shows from Dubai. Back then a barrel of oil was around 110 dollars, and Dubai was the…
You may remember last March when Marketplace broadcast its shows from Dubai. Back then a barrel of oil was around 110 dollars, and Dubai was the ripsnorting financial center of the Persian Gulf. Now crude is less than half that value, dropping today below 47 dollars. Take a guess on what’s been happening to Dubai’s economy. The answer is in this story from Business Week.