VOICED: Dubai stock market plunges on debt woes

The Dubai Stock Exchange experienced a significant drop of 7.3% after a period of excessive spending. The market is in turmoil with no buyers, and Dubai World is heavily in debt, with the government refusing to provide a bailout. The UAE's central bank has assured that it will honor the debts of Dubai's banks, but concerns remain. Investors are anxious due to the lack of detailed information, and the crisis is having a global impact, affecting markets beyond Dubai.

What was the percentage drop in the Dubai Stock Exchange on the day of the crisis?

• 6.3%

• 8.3%

• 5.3%

• 7.3%

Which major conglomerate was at the center of Dubai's financial crisis?

• Emaar Properties

• Dubai Holdings

• Dubai World

• Emirates Group

How much debt was Dubai World reported to have during the crisis?

• $70 billion

• $50 billion

• $40 billion

• $60 billion

What was the UAE central bank's response to the financial crisis?

• It imposed stricter regulations on banks.

• It promised to honor the debts of Dubai's banks.

• It decided to bail out Dubai World.

• It ignored the crisis.

What was a major concern for investors during the Dubai financial crisis?

• The lack of new construction projects.

• The authorities' reluctance to release detailed information.

• The increase in oil prices.

• The rise in tourism.