But Dubai had led investors to expect that publicly traded instruments, such as sukuk, or Islamic bonds, would be honoured.
It's a PR boost, for sure, but Dubai's economic and real estate problems are bigger than a neighborhood revitalization--no matter how high-profile.
Gillett was not at the ground but Dubai International Consortium chief executive Samir Al-Ansari and chief negotiator Amanda Staveley were in the executive area at his invitation.
But Dubai's financial struggles have affected many golf business such as the Tiger Woods course where construction has been put on hold and is now believed to be up for sale.
But the damage Dubai has done to itself is no passing storm.
But for all Dubai's woes, the Gulf still needs a financial centre, a port, and a secure place to live, Mr Cooper points out.
Northern Ireland's McDowell needed to win the tournament to win the Race to Dubai but could also have triumphed if he finished second with Kaymer ending up lower than third.
But as with other Dubai companies, Drydocks World isn't slowing its hotel investments.
But the key to Dubai's success is being what its neighbours are not: open-minded, open-hearted and wide open for business.
But if prices in Dubai seem inflated, they have nothing on Luanda.
"There are plenty of snooker tables in Dubai, but Peter chooses not to take his cue with him, " said Wales's 1982 UK champion.
But how many of Dubai's 1.6m people will give up their 1m air-conditioned cars to walk even short distances in the punishing summer heat?
Building the Burj Khalifa--the world's tallest building at 162 stories--may have reflected the vision of Dubai, but hubris did not make its host state great.
Perhaps its the fantasy atmosphere of Dubai, but many attendees here are talking about whether the work of lawyers should be more expansive than client advice.
Of course, you can chortle at the outrageous overbuilding in places like Dubai, but the Western world might do better to appreciate the scope of their ambition.
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Last year, Franklin Templeton Investments emerging-markets guru Mark Mobius started finding bargains in Middle East countries like Egypt and Dubai, but these scarcely figure in the typical emerging-markets fund.
Most financial deals these days between the Middle East and the United States involve the purchase of American assets, but on Wednesday, Dubai reversed the flow by cashing out of a New York skyscraper.
England have a 15-man squad to choose from in Dubai, but if they keep faith with the XI which faced the Lions, uncapped duo Ajmal Shahzad and James Tredwell are likely to be left out, along with stand-in Test skipper Alastair Cook and seamer Liam Plunkett.
Police said the pair had fled to Jordan after the killing, but were extradited back to Dubai on Sunday.
But the strategy of turning Dubai into an international hub for transport, tourism and international business would be threatened if America decided that Dubai is also a hub for terrorism.
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There was a clear political tone-deafness that came out of the White House, not only over the Dubai ports, but also of the disastrous Harriet Miers Supreme Court nomination two events that demoralized and angered conservatives.
CSX, and no one has managed to explain how he might have profited from approving the Dubai deal, but it sounds fishy, at least to those who have written off the Bush team as a bunch of crooks.
But the likes of Istanbul, Dubai and Qatar saw their passenger traffic jump four and five-fold in that time.
Serbian Djokovic, the 2007 champion, successfully defended his Dubai title last month but bowed out in the last-16 at Indian Wells two weeks ago.
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Her kids go to an exclusive private school, she has two, no, actually three cars parked in the yard, goes shopping in Dubai and Joburg, but she has no running water in her house.
Young gun McIlroy clinched the Race to Dubai in Europe last week but after a first round 73 was always struggling.
"Obviously they are fighting for the Race to Dubai final top position, but we are playing here to try to ruin the party, " Quiros said of McIlroy and Donald.
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