Credit crisis in the US cautions Dubai World

Subprime crisis slowing investment - Dubai World

This article struck me for two reasons.
1) You get an understanding on how bad the subprime crisis has affected the world, not just the US. What happens in the United States affects the entire globe and all the economic markets tied to them globally.
2) The amount of money Dubai World has is ridiculous. It's just stupid. More importantly you get an understanding that Dubai is not making billions from oil alone. They are smart business people and capitalize on foreign investments. When huge conglomerate company's need to liquidize their assets in order to raise capital during troubled times, someone bails them out. In the US, its the Fed. Globally, sovereign wealth funds like those in Abu Dhabi and through company's like Dubai World do the job for them. In turn they receive huge stakes in the company.
This is a really good article for those in the lending industry back home just like I was.