The Dubai world was expected to announce the default on repayment of over 4 billion dollars of outstanding loans yesterday, but a timely 10 billion dollars loan from Abu Dhabi government has helped it to avoid it.
Experts say that the company may still be in need of over 10 billion dollars of bailout money in the next 12 months, which may not come through. So experts are advising their clients to avoid investing in Dubai region for the time being till the dust settles down completely.