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Wednesday, December 2, 2009

Dubai hit by economic downturn

It is often said that the Gulf region is immune to the global financial crisis.

This perception may be about to change as Dubai's boom starts to fizzle out.

With debts of up to $80m, Dubai could be in need of some urgent financial help.

Al Jazeera's Todd Baer reports.

Tags: Todd Baer al jazeera aljazeera english dubai economy crisis financial boom debts middle east gulf global

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