The Middle East: Eastern Promise On Hold

Special Report

Anyone wondering whether the global financial crisis has hit the nascent financial centers in the Middle East might find out the answer by taking a walk around the car park of Dubai Airport. News­papers have reported that more than 3,000 luxury cars lie abandoned in the parking lot. The disowned vehicles were said to belong to over-indebted ex-pats who fled the country after learning that they could go to a debtors' prison after defaulting on loan repayments for their properties. This came about

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