Some of you might have heard during the past couple of days about the debt issue within Dubai. For those that dont know about this, a company owned by the Dubai government called Dubai World mentioned that not only are they just under $US 60 billion in debt, but they are delaying to repay this debt up to around May next year.

There was additional information based on this saying that Dubai is in $80 billion debt. However, certain resources said that the Dubai government is in $80 billion debt. This makes a huge difference because this means that the figure of debt for the whole of Dubai would be even higher. Another point to prove this is that around May this year that Emaar (a real estate company in Dubai) was in $80 billion debt. So why would people worldwide recognise that the whole of Dubai is in $80 billion debt if just two companies (which i mentioned are calculated together to around $140 billion debt? This just shows that information may not be specific enough for us to understand exactely. But either way, this could be a major concern.