Heavy fog rolls by early in the morning near the Dubai Marina. Over much of the past decade Dubai was held up as the much-vaunted "model" of raising shining cities in the desert with foreign residents taking plum jobs in a country marketed as a liberal enclave in the Gulf sun and an army of Asian workers hired to build glitzy projects. But what a difference a global recession can make, with Dubai left with up to $80 billion in debts at the end of 2009 as the credit-driven boom ground to a halt and affluent foreigners left. Taken on November 21, 2007 by Steve Crisp.
Tuesday, January 5, 2010
Pictures of the Decade : Heavy fog rolls by early in the morning near the Dubai Marina
Heavy fog rolls by early in the morning near the Dubai Marina. Over much of the past decade Dubai was held up as the much-vaunted "model" of raising shining cities in the desert with foreign residents taking plum jobs in a country marketed as a liberal enclave in the Gulf sun and an army of Asian workers hired to build glitzy projects. But what a difference a global recession can make, with Dubai left with up to $80 billion in debts at the end of 2009 as the credit-driven boom ground to a halt and affluent foreigners left. Taken on November 21, 2007 by Steve Crisp.
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