Dubai Debt Crisis
May 29, 2012 at 16:12 | Source: Reuters
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May 29, 2012 at 12:52 | Source: Reuters
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May 02, 2012 at 22:32 | Source: Economic Times
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The United Arab Emirates will struggle to impose new rules that are aimed at preventing a repeat of Dubai’s debt crisis by capping bank lending to government bodies, analysts and bankers say. Local lenders are responding to the central bank’s decision ...
May 28, 2012 at 15:10 | Source: Financial Times
Jebel Ali Free Zone said in a Nasdaq Dubai statement Sunday that creditors representing about 89 percent of the 7.5 billion dirham sukuk, or Islamic bond, have approved the plan. JAFZ was supposed to repay the debt this November. It sought ...
May 27, 2012 at 08:02 | Source: Associated Press
In November 2009, concerns about some EU member states’ debts started to grow following the Dubai sovereign debt crisis, and the United States sub-prime financial crisis of 2008. Greece was later found to have debts totalling 300 billion Euros – the ...
May 29, 2012 at 02:01 | Source: Businessday Online
He led a 2010 bailout of $80 billion in debt accumulated by the construction-happy sheikhs of Dubai. Despite the global financial crisis, the Dubai government still believes in a bright future, and is doubling down on its bets for this city.
May 27, 2012 at 07:04 | Source: San Francisco Gate
while Dubai Holding, a business group owned by the emirate's ruler, is in talks on another $10 billion debt deal. The funding needs since the debt crisis helped more than double Emirates NBD 's loans to the Dubai government since the end of 2007 ...
May 19, 2012 at 23:56 | Source: Zawya.com
DUBAI, May 29 (Reuters) - Here are factors that may affect Middle East stock markets on Tuesday. Reuters has not verified the press reports and does not vouch for their accuracy. INTERNATIONAL/REGIONAL * Spanish debt costs spiral as crisis ...
May 29, 2012 at 03:49 | Source: Reuters
The men, most of them real estate developers and businessmen working in Dubai during its economic boom years, fell into debt when the emirate's property bubble burst after the 2008 global credit crisis. Zack Shahin, a U.S. citizen accused of embezzlement ...
May 22, 2012 at 13:22 | Source: YAHOO!
Nakheel said in September it wrote down AED78.6bn (US$21.4bn) from the value of its real estate during the Dubai debt crisis, which saw house prices in the city fall more than 60 percent from their peak. The state-owned developer became ...
May 17, 2012 at 07:38 | Source: ArabianBusiness.com
DUBAI, May 21, 2012 (AFP ... The IMF pointed out that some European banks may be trimming their credit due to the eurozone debt crisis, which means that UAE entities might not be able to rely on their traditional lenders for rollovers and ...
May 22, 2012 at 04:26 | Source: Zawya.com
DUBAI, United Arab Emirates — An American businessman jailed ... whose decade of astonishing growth was abruptly halted by a debt crisis and the global economic downturn more than three years ago.
May 17, 2012 at 10:29 | Source: Washington Post