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Wednesday , October 16 2019

Panel takes troubled Dubai developer’s disputes in downturn

DUBAI: A special committee will “resolve multiple disputes” involving a Dubai government-owned developer that faces a series of lawsuits, the city-state said Tuesday, a sign of renewed economic problems in this desert sheikhdom that’s home to the world’s tallest skyscraper.

The problems gripping Meydan, a developer whose name graces the Dubai racecourse that hosts the horseracing world’s richest race, comes as the city also faces falling real estate prices. (AP)

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