Dubai’s supporters»
The emirate’s recent debt problems may have shaken the world, but Dubai will bounce back and will soon be back on its feet, say authorities.
December 10, 2009
Pulling the cords»
The UAE government is planning to introduce a unified lending system for all the banks across the country.
December 9, 2009
Istithmar loses millions»
Istithmar World, part of Dubai World, lost rights to the W Union Square New York hotel in a foreclosure auction in the New York.
December 9, 2009
It’s crunch time»
The director general of Dubai’s department of finance has said Dubai World, not the government, may sell assets globally to help cope with its debts.
December 7, 2009
Dubai’s debt debacle»
Authorities in Dubai claim the media over-hyped the emirate’s announcement of a six-month debt standstill for two of its major companies. But international bodies are still monitoring the situation.
November 30, 2009
Exposed, and it hurts»
Thirteen UAE banks, and seven foreign branches in the Emirates have a combined exposure of $2.9 billion to the Saad and Algosaibi groups, the Central Bank said on Wednesday. The bank insists everything is going to be ok. Is it?
November 19, 2009
To bail out Kuwaitis, or not?»
The debt debate rages on in Kuwait.
November 18, 2009