Government bailout sees Dubai shares rise by 4.3%
Dubai World restructuring plans see shares in property developer Emaar rocket by 8.8 percent.
March 25, 2010 12:59Sheikh Ahmad’s statement on Dubai World’s debt
The Dubai government has announced it will provide $9.5 billion in funding to help the troubled Dubai World restructure its debt.
March 25, 2010 9:37Dubai World gets $9.5 billion lifeline
The Dubai government has announced it will provide $9.5 billion in funding to help the troubled Dubai World restructure its debt.
March 25, 2010 9:34Top executive quits troubled Nakheel
Chief commercial officer Manal Shaheen leaves Dubai property developer; PR team reduced amid continuing layoffs.
February 23, 2010 10:53Nakheel unlikely to repay $980 million sukuk
It is “incredibly unlikely” that Nakheel will pay off its Islamic bond maturing in May, reports Reuters.
February 22, 2010 4:38
The World developers ‘will profit’
Despite the crippling downturn and real estate slump, one property firm has seen a 50 percent increase in plot prices on Dubai’s man-made islets, and insists there is still money to be made.
February 17, 2010 4:47
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 11:52
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 4:06
Got that sinking feeling…?
Dubai developer Nakheel says that its man-made archipelago The World is definitely not sinking. So on which of these images did a UK newspaper base its “wholly inaccurate” claim to the contrary?
February 3, 2010 12:14Nakheel pays interest on $750 million bond
Property developer Nakheel has made a $10.3 million coupon payment on a bond maturing in 2011.
January 19, 2010 11:07
The Death of Development, Part I
Dubai master-developer Nakheel, which aimed for the stars with iconic projects, prepares for a dramatic restructuring, reports Trends. Part I.
January 11, 2010 1:08
7 big regional financial events in 2009
From Dubai’s debt debacle to Saudi’s Saad and Algosaibi case, the Gulf States saw many major economic happenings that shook the world.
December 27, 2009 7:10
One debt down
The Abu Dhabi government has given Dubai $10 billion to help pay off its debt, including Nakheel’s $3.52 billion Islamic bond that matures today.
December 14, 2009 11:39
Do you think Dubai’s debt crisis has been blown out of proportion by the world’s press?
The results are in.
December 13, 2009 1:44
A major step for Turkey
As Prime Minister Erdogan showcases Turkey's prestige on a visit to the White House, the country has its ratings upgraded...
May 19, 2013 9:45
Dusting off the Emirates ID card
The Emirates Identity Authority is 'keen' on making its ID cards more functional.
May 16, 2013 5:57
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