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US hedge fund wins claim against Dubai’s DryDocks

US hedge fund wins claim against Dubai’s DryDocks

A US-based hedge fund said it has won a $72 million legal claim against Dubai's Drydocks World for defaulting on a loan, putting the ship builder's $2.2 billion debt restructuring in further trouble.

March 14, 2012 1:39
 
Travel groups look east for 2012 bright spots

Travel groups look east for 2012 bright spots

With a weak western European economy, fear of political unrest in North Africa and a cruise business hit by the Costa Concordia disaster, travel groups are looking to eastern Europe, China and corporate travel to brighten up 2012.

March 10, 2012 5:20
 
Syria’s neighbours may soften sanctions blow

Syria’s neighbours may soften sanctions blow

Iraq, Lebanon voted against sanctions on Syria; Syrian economy already reeling from 8 months of unrest; Jordan says economic pain is price for pressure on Assad

November 28, 2011 4:54
 
The Six Degrees of Elie Saab

The Six Degrees of Elie Saab

With the runways at The Bride Show in Dubai all ready for a parade of couture wedding gowns and evening dresses, Kipp finds out at how Lebanese fashion designer Elie Saab is connected to a troubled rock star.

April 19, 2011 2:06
 
Headstrong hopes

Headstrong hopes

Survey reveals global investors expect growth in emerging markets to remain strong and commodities to stay favourable as inflation and geopolitical concerns heighten...but not all of them. So which one?

March 30, 2011 1:41
 
Curiouser and curiouser

Curiouser and curiouser

As companies look for a new place and function in people’s lives, Kipp hopes they don’t ever come out of the changing rabbit hole that is consumerism.

March 22, 2011 2:59
 

DIC board ‘was dissolved in January’

Investment arm is now under direct control of Dubai Holding, confirms statement.

June 13, 2010 3:07
 

Standard Chartered: Dubai World’s debt not invoking fear

The UK-based bank said it is risk ready for expansion in the region.

June 8, 2010 9:36
 
Top 10 arms buyers in the world

Top 10 arms buyers in the world

The UAE features fourth on the list compiled by the Stockholm International Peace Research Institute, which records the world’s biggest arms importers between 2005 and 2009.

March 22, 2010 6:46
 
Record-breaking hotels

Record-breaking hotels

Hotels.com recently published a list of all the hotels across the world that can only be described with superlatives, including the largest, tallest and the oldest hotels. Not surprisingly, Dubai and Abu Dhabi are on the list.

August 29, 2009 2:18
 
Do you think the financial crisis is almost behind us?

Do you think the financial crisis is almost behind us?

The results are in.

July 26, 2009 12:13
 
Thinking outside the $130,000 box

Thinking outside the $130,000 box

A German company, Lorenz, has just released what it claims is the world’s most expensive LCD TV in the Middle East . But what else could you get for the same price?

September 14, 2008 12:48