Dubai Debt Pile In 2012
Investors have been closely watching Dubai's move ver since Dubai World defaulted on that grim Eid weekend of November 25, 2009.
Dubai World has made up with its creditors and put into place a robust debt plan. Although it makes obvious changes, the markets have not forgiven Dubai.
According to CMA Datavision, Dubai remained among the 10 most likely countries (or city states) to default.