This site uses cookies to ensure that we give you the best experience on our website. We also use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the irishtimes.com website. However, if you would like to, you can change your cookie settings at any time. For more information see our Cookie Policy.
Just when it looked as if the international financial system was finding its feet, suddenly there is a crisis in Dubai, one of the United Arab Emirates, where a Government-owned property development company Dubai World has asked for a moratorium on its debts.
