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In Dubai - when it rains, it pours!

Monday, 14 December 2009 14:36

The Palm Jumeirah Sinking?

Lately, Dubai is in hot water due to world wide economic depression,
borrowing too much money in too short time and couldn't pay it back
in timely manner. Plus concerned investors are selling out stocks.

On top of that...
There is one scientist saying that "The Palm Jumeirah" is sinking.
I mean REALLY shinking, 5 millimeters per year!

And then, there already is concern about flooding if sea levels rise
which many climate experts predicted.

So, is Dubai going to sink FINANCIALLY and PHYSICALLY?

Source:CNBCCNBC

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Last Updated on Monday, 14 December 2009 14:42

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