Amid the Dubai World debt payments the western media has been bashing Dubai as if they found the once in life time oppartunity to make a noise.

 Attacking Dubai has become fashionable in Western circles. British reporters and columnists, in particular, are sinking their teeth into the Emirate like dogs chomping on a juicy bone. The latest news that Dubai World seeks to restructure its debt involving a six-month payment delay has triggered a host of salivating media hounds baying for blood. A few days ago, hysterical headlines were predicting another global economic crash with banks worldwide falling like ninepins. Following the doom-laden onslaught, currencies have dipped and markets fallen.

Countries, companies and individuals restructure their debts all the time. There has been no suggestion that Dubai World is about to go under or that it will leave its creditors high and dry. The fact is Dubai is getting back on its feet. It’s true that it was more vulnerable to the global economic downturn than the rest of the Middle East but the crisis itself was not of its own doing.

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