Worries That Dubai Washing Its Hands Of Debt Woes (ap)

The Burj Dubai, the worlds tallest building under construction, is seen in the background as construction workers are seen at a site at the Business Bay district in Dubai, United Arab Emirates, Monday, Nov. 30, 2009. On the first day of trading since news of Dubai World's debt crunch became public, Dubai's main stock exchange dropped more than 7 percent while the Abu Dhabi exchange fell more than 8 percent, the steepest fall in at least a year, according to brokers. (AP Photo/Kamran Jebreili)AP – If global investors were looking for reassurances from Dubai that it would stand behind its massive, debt-swamped investment conglomerate, they got none Monday. Instead, the Gulf city-state seemed to wash its hands of the financial woes that have rattled world markets.

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