How Dubai's dream sank in a sea of debt | timesonline.co.uk

The emirate’s debt-fuelled spree has been exposed by the recession. Will UK banks and contractors get back their money? As he flew from Dubai to London last Sunday, Sheikh Mohammed bin Rashid al-Maktoum had plenty on his mind.In the four years since he had become ruler of Dubai, Maktoum had grown used to courting world leaders to visit and invest in his desert emirate. They admired the economic growth he had fostered as Dubai, fast running out of oil, turned itself into a tourism and finance hub.