Dubai\'s Debt Crisis
May 29, 2012 at 20:16 | Source: Reuters
May 29, 2012 at 16:12 | Source: Reuters
May 29, 2012 at 15:22 | Source: Reuters
May 29, 2012 at 12:52 | Source: Reuters
May 28, 2012 at 13:02 | Source: Reuters
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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
JAFZ was supposed to repay the debt this November. It sought agreement from lenders to repay it early so it could put a new refinancing plan in place. JAFZ operates a sprawling industrial and logistics park next to Dubai's Jebel Ali port ...
May 27, 2012 at 08:02 | Source: Associated Press
Dubai’s shares fell the most in a week ... European leaders are meeting in Brussels today to discuss the region’s debt crisis that has wiped more than $4 trillion from equity markets worldwide this month. Greece will hold elections on ...
May 23, 2012 at 10:44 | Source: Bloomberg
Last month an auction thought to include a US$1.6m limited edition Ferrari, abandoned by its owner during Dubai’s debt crisis, garnered international attention. The red Ferrari Enzo, one of only 399 in the world, could be offered at auction at ...
May 22, 2012 at 07:53 | Source: ArabianBusiness.com
The IMF held regular consultations with the UAE in March and February. The global crisis burst Dubai's property bubble, triggering a $25 billion debt restructuring in its Dubai World conglomerate in 2009-2010, while other state firms were also hit.
May 20, 2012 at 12:42 | Source: ArabianBusiness.com
He led a 2010 bailout of $80 billion in debt accumulated by the construction-happy sheikhs ... "We don't joke about such things here," he said, looking left and right. At Dubai's Sheikh Mohammed Cultural Center, visitors are welcomed with ...
May 27, 2012 at 07:04 | Source: San Francisco Gate
Fears that a Greek exit from the euro zone will worsen the debt crisis facing other European nations gripped global financial markets, sending shares and other riskier assets lower. Dubai's index fell 1.4 percent, tracking global stocks ...
May 16, 2012 at 14:48 | Source: Reuters
DUBAI, May 15 (Xinhua) -- When the oil-rich sheikhdom of Abu Dhabi saved Dubai's state-owned developer Nakheel by paying off billions of U.S. dollars of debt in December 2010 ... "This real estate crisis in 2009 was a global problem, not a sole problem ...
May 15, 2012 at 11:22 | Source: Xinhua News Agency
The differential will be applied to the average of daily settlements for the front-month August Oman contract at the end of June to set Dubai's official selling price ... of downward pressure from Europe's debt crisis, a slowdown in Chinese ...
May 24, 2012 at 11:40 | Source: Reuters
The index fell for all but five days this month as Europe’s debt crisis pushed oil prices 13 percent ... declining 1.2 percent to 400 fils. Dubai’s DFM General Index (DFMGI) increased less than 0.1 percent and Abu Dhabi’s ADX General ...
May 27, 2012 at 11:29 | Source: Bloomberg