Dubai Crisis

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nadhi

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nadhi

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DUBAI, United Arab Emirates (AP) — An indebted business park owned by Dubai's government says it has received sufficient support from lenders to repay $2 billion early as part of a broader refinancing effort. Jebel Ali Free Zone said in a ...
May 27, 2012 at 08:02 | Source: Associated Press
Dubai's economy, the second largest in the UAE and one of the most diversified economies in the Gulf, gained around Dh10 billion in 2011 as the emirate continued to recover from the 2008 global fiscal crisis. Most non-oil sectors recorded positive growth ...
May 29, 2012 at 05:43 | Source: Zawya.com
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
Mortgage financing in Dubai ground to a halt after the global credit crisis caused prices to plunge by more than 60% and forced the UAE’s two biggest mortgage providers to stop lending for almost two years. Now lenders are keen to attract more ...
May 25, 2012 at 13:48 | Source: International Business Times
Though Dubai has successfully tapped the capital markets on several occasions since the financial crisis began to bite in late 2008, most recently with a $1.25 billion sukuk issue in April, its borrowing from Emirates NBD has continued to rise. In the bank ...
May 19, 2012 at 23:56 | Source: Zawya.com
Saidi said attracting 100 firms through the financial crisis shows the continuing attractiveness of Dubai as a banking hub. Given an expected sharp rise in office space as new towers come onto the market, the DIFC will have to fight to attract ...
May 28, 2012 at 14:56 | Source: Financial Times
DUBAI May 16 (Reuters) - Dubai shares ended at a 15-week low on Wednesday and most other Gulf markets retreated, as slipping oil prices and concerns over a debt crisis in Europe worsening kept investors away. Fears that a Greek exit from the ...
May 16, 2012 at 14:48 | Source: Reuters UK
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
Dubai's central belief, summed up frequently as "build it and ... The policy crashed badly in the financial crisis, however, leaving a landscape of half-finished skyscrapers, empty artificial islands and property prices down by almost 50 per cent in ...
May 17, 2012 at 10:08 | Source: Daily Telegraph
DUBAI, May 16 (Xinhua) -- The Dubai Financial Services Authority ... It grew from the response to the global financial crisis by the Basel Committee on Banking Supervision (BCBS), which issued specific guidelines to enhance cross-border cooperation ...
May 16, 2012 at 12:32 | Source: Xinhua News Agency