Two years on, Dubai steadies ship after debt crisis
World BusinessNov 24, 2011
DUBAI (AFP) -- Two years after its debt crisis rocked global markets, Dubai has emerged as a safe haven in a troubled region, reaping the benefits of building strong service and tourism sectors.But the Gulf emirate, which has so far succeeded in restructuring its mountain of debt, could face tougher conditions if it seeks refinancing in a sickly international market, while a global drop in demand could harm its core sector, analysts say.Before the global financial crisis struck in 2008, drying u