Dubai dream turns sour

Dubai

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.

Haberi dinleyin:

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

Sözcükleri dinleyin:

turned itself

yoğun bir çaba sonunda kendini dönüştürmek

spurring

daha fazla çaba göstermeye teşvik etmek, canlandırmak

diversifying an oil-based economy

petrole dayalı ekonomiyi daha farklı sektörleri içerecek şekilde büyütmek

a magnet

mıknatıs, çekim merkezi

to bite

ısırmak,olumsuz etkilenmek

turned sour

tatsız bir hal almak

dump

dökmek, terketmek

defaulting on

borçları ödeyemez duruma gelmek

come to its rescue

yardımına koşmak, burada Dubai ekonomisine mali yardım sağlamak