BiziNation # 38: Dubai Dubaa Dubaaa

For the last decade or so, Dubai invoked awe and admiration for the pace at which it could lead a creative growth which was not limited to building sky scrapers, but other garnishing like man made islands, artificial arctic like winter, etc. All these developments were funded by the Government through its investing arm, Dubai World which announced that it could not pay off the $59 billion loan to the banks. The stock markets came crashing down. While that happened, we also talk about the companies from India which are raising money to carry out their expansion activities. The recovery has begun.