'Avatar' to close Dubai film festival

The Dubai International Film Festival plans to stage its sixth edition this year despite the emirate being in financial meltdown and stock markets across the globe plummeting amid exposure to its debt crisis.

Putting on a positive front early Tuesday, festival organizers unveiled a glittering lineup of movies, including James Cameron's "Avatar," enough to make other festivals blue with envy. The lineup also boasts Rob Marshall's big-screen adaptation of stage musical "Nine" as its Dec. 9 opener.

As Tuesday dawned here, stocks crashed again across the Middle East as the Dubai debt crisis rumbled on.

The president of the United Arab Emirates, Sheikh Khalifa, issued a statement through the state news agency backing Dubai's leadership. But organizers of the film festival were reticent in coming up with a statement with organizers, declining comment at time of going to press. It is unclear whether this year's event would be affected by the current turmoil.

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