Woes of Dubai World

What actually happened in Dubai World - a infrastructure company of Dubai??? What will be its consequences on world economy?? These types of question are rising in the minds of every person who is related to business & economic world. This was all about the financial crunch in the company which build up world's best infrastructure in Dubai. Experts are saying that it will affect the share market of inffrastructure companies. This event will also led to low prices of gold.