Dubai World to reveal debt plan this week
Troubled conglomerate expected to meet seven biggest creditors on Wednesday.
March 23, 2010 9:45Dubai World ‘to repay debts over eight years’
Local market closes up 2.78% on news that $22 billion could be repaid in full; Abu Dhabi will finalize another bailout loan ‘over the coming days’.
March 21, 2010 4:24
Ten most influential expats in the UAE
The Wall Street Journal recently compiled a Who’s Who of the most prominent business figures in the Emirates. Here’s the lowdown on the expatriates that made the list.
March 17, 2010 5:42Dubai World’s debt talks seeing “progress,” says UK minister
“There are signs of some progress being made from what I hear from the banks,” UK Trade Minister Mervyn Davies said in Dubai on Wednesday.
March 10, 2010 5:02Dubai debt could prompt further bank downgrades
Dubai World restructuring plan could hit UAE banks’ ratings even harder, says S&P executive.
March 8, 2010 5:36DP World shares climb 5 percent
Shares in the ports company, part of the troubled Dubai World, rise following news that it may offer new shares on the London exchange.
March 7, 2010 6:49Top executive quits troubled Nakheel
Chief commercial officer Manal Shaheen leaves Dubai property developer; PR team reduced amid continuing layoffs.
February 23, 2010 10:53
Islamic finance 2.0, regulation 1.0
Trading in Shariah-compliant products is about to enter a new age. But as the controversy over the Nakheel sukuk illustrated, the industry is still mired by a lack of transparency.
February 16, 2010 9:22
Dubai debt: the pressure mounts
With the emirate’s total obligations now in excess of $100 billion, the UK’s Business Secretary Lord Mandelson says ‘time is running out’ for a restructuring plan.
February 15, 2010 11:52Dubai World debt report sees shares tumble
Dubai Financial Market index falls 3.5 percent on news that the troubled conglomerate may only repay 60 percent of debt after seven years.
February 14, 2010 12:01
Dubai’s QE2 is just an anachronism
Extravagance, decadence, glamour. All this defined both Dubai, and the 40-year old cruise liner its state investment arm bought in 2007. But not any more.
February 7, 2010 4:06Government loaned $6.2 billion to Dubai World in the last year
Dubai World is currently looking to restructure $22 billion of debt.
February 6, 2010 11:52Investors circle Istithmar’s shipping company
Dubai World’s investment unit is looking to sell Inchcape Shipping Services for up to $700 million.
February 3, 2010 12:01Dubai World’s assets worth more than $120 billion
Dubai World is estimated to have debts of around $57 billion.
January 24, 2010 4:22
Casino ships too close to home?
The Arabian Gulf is home to a growing number of ocean liners with onboard gambling dens –something which is likely to attract the disapproval of some.
January 21, 2010 1:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
Turkish Airlines Can Ride Out Turbulence
The airline said there had been little impact on May 15 from a strike in protest over pay and previous sackings.
May 16, 2013 2:57
Air Berlin doesn't need Etihad's help
Last year, the German carrier posted its first annual profit since 2007.
May 16, 2013 10:54
Taking on Abercrombie & Fitch
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
Fake pilot 'on the run'
Michael Fay forged papers and operated as a pilot for Afriqiyah Airways for eight months. . .
May 14, 2013 11:26