With New Loans, Will Dubai Be Back on Track in Less Than Three Years?

We’re just a few days away now from the official opening of the Burj Dubai, the world’s tallest building, and while one would think that should be cause for worldwide celebration, the whole thing has been marred by this past year’s unending stream of stories about the collapse of Dubai. But maybe that gloom is soon to end? This weekend saw meetings in London trying to save the Middle Eastern emirate from its crushing load of debt, brought on by both the collapse of the economy across the world and by building way too much, far too fast.