Dubai Debt Crisis
May 29, 2012 at 20:16 | Source: Reuters
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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
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
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!
Abu Dhabi shares were set for the biggest drop in more than a month after German business confidence fell more than economists forecast damping the outlook for Europe’s debt crisis ... next several weeks.” Dubai’s measure has dropped ...
May 24, 2012 at 09:10 | Source: Bloomberg
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 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
(05-17) 07:53 PDT DUBAI, United Arab Emirates (AP ... whose decade of astonishing growth was abruptly halted by a debt crisis and the global economic downturn more than three years ago. But the Lebanese-born Shahin claims he has been left ...
May 17, 2012 at 14:54 | Source: San Francisco Gate