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Dubai still challenged with debt

26 November 2010

DUBAI -- Dubai continues to struggle with its debt load, Bloomberg reported.

The financial crisis began with last year with Dubai World's announcement of freezing repayments on $25 billion in loans, the report said.

Some of Dubai's biggest problems lie in its collapsed property market, Bloomberg said.

Dubai World owns (along with MGM Resorts International) the CityCenter development on the Las Vegas Strip.

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