Thursday 22 December 2011

Dubai’s new-found optimism anchored by debt - FT.com

Cruise liner the Queen Elizabeth 2 is set to emerge from obscurity mothballed off Dubai to play its part in glitzy New Year’s eve celebrations planned to trumpet the emirate’s economic revival.
Live music and fireworks will entertain dignitaries invited on board the former Cunard flagship, which will be fulfilling its first public engagement since being bought by Dubai World, a troubled conglomerate, for an estimated $100m three years ago.



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