Dubai dream turns sour
Investors have raised concerns about Dubai's ability to repay its multi-billion-dollar debts, after one of the emirate's biggest companies, Dubai World, said it was struggling to repay its loans. The company is owned by the government.
For years Dubai appeared to have turned itself into a successful model - super-modern, yet Arab, spurring many of its neighbours to imitate the flamboyant Western architecture and its approach to diversifying an oil-based economy. It had also become a magnet for other Arabs dreaming of the material comfort of a Western lifestyle.
But as the debt crisis began to bite the dream turned sour. Reports speak of many forced to literally dump their cars by the airport and flee the country for fear of the consequences of defaulting on their personal loans.
The question now is whether Dubai's much richer Arab neighbours will come to its rescue.
Magdi Abdelhadi, BBC News
yoğun bir çaba sonunda kendini dönüştürmekspurring
daha fazla çaba göstermeye teşvik etmek, canlandırmakdiversifying an oil-based economy
petrole dayalı ekonomiyi daha farklı sektörleri içerecek şekilde büyütmeka magnet
mıknatıs, çekim merkezito bite
ısırmak,olumsuz etkilenmekturned sour
tatsız bir hal almakdump
dökmek, terketmekdefaulting on
borçları ödeyemez duruma gelmekcome to its rescue
yardımına koşmak, burada Dubai ekonomisine mali yardım sağlamak