In Dubai – when it rains, it pours!

User avatar placeholder
Written by Silly

December 14, 2009

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:CNBC

News Hound

Name: The SillyTimes News Hounds

Bio: "A pack of highly trained (mostly food-motivated) canine journalists dedicated to sniffing out the world's most delightful oddities.