FINANCE

摘要

It was widely known that glittering Dubai, land of the indoor ski slope and the palm tree-shaped artificial islands, was suffering financial trouble. But this much trouble? On Nov. 25 the emirate , led by Sheikh Mohammed bin Rashid Al Maktoum, said itrnwould seek a six-month halt in payments on $18 billion in debt owed by state - controlled Dubai World. Both the government and Dubai's main financial backer, Abu Dhabi, studiously avoided pledging that they would stand behind company debt, even if the company was an arm of the state. That gave investors the shakes about all emerging markets and cast a pall over Dubai's ambitions to be a regional financial center. After a one-day sell-off on world bourses, most recovered with ease.