Key points:
• Global financial markets fall like nine pins following financial crisis in Dubai
• Dubai World, the flagship global investment holding company for the government there, seeks time till May 2010 to meet its repayment obligations
• Financial crunch created by plunge in real estate prices after the global economic meltdown
• Indian bourses record significant fall for two days on November 26-27; recover in the face of a concerted confidence building announcements by the Reserve Bank of India
• Europe worst affected; US saved due to a holiday; in India, the trading session had already passed
• Significant number of Indians work in Dubai; will their employability be affected, wonders FM Pranab Mukherjee
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