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December 31, 2008

New mood in Dubai: Uncertainty

By ADAM SCHRECK
AP Business Writer

DUBAI, United Arab Emirates — Skyscrapers here continue to rise and New Year's parties running to well over $2,000 a head are still on. Football star David Beckham is in town for practice, and pop star Shakira is performing a short drive away.

Compared with war-ravaged Gaza and Baghdad, Dubai remains for many a shining Middle East success story. Yet the fallout from the economic crisis has forced this traditionally optimistic boomtown to eye 2009 with an uncertainty unknown for years, if ever.


 
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