Dubai News

Dubai, to Indians, has always been associated with the good things of life. Movie stars from Shahrukh Khan to Hrithik Roshan have invested in properties in Dubai and are now waiting for further developments. The annual Dubai festivals used to...

Even as on the eve of Eid Al Adha and National Day, The Dubai Government stunned the world with announcement of default in debt repayment, its blowing up thousands of dollars in expensive fireworks displays every evening for 4-5 days....

The United Arab Emirates' central bank said Sunday it would offer additional liquidity to banks, signalling a push by the federal government to reassure investors worried about the country's banking sector and its exposure to Dubai's crushing debt. Global equity...

As we know that Dubai based investment company Dubai World has caused a sensation throughout the world,now it is becoming a laughing stock.It got the debt of 59 billion dollars. As per my knowledge, the world of Hollywood and Bollywood...

This may help stem some of the slide on global stock markets due to nervousness about the status of debt in Dubai World that seems to be spread throughout the globe. Dubai World would be better named Fantasy World since...

The central bank also said it stood behind UAE banks and branches of foreign banks, adding the Gulf Arab country''s banking system was more sound and liquid than a year ago.

However, according to the company, there would be no impact of any such crisis owing to its dealing with the government there. "We don't foresee any payment risk since we are dealing with the government there," a company official said...The...

Muslims (...or Islams? I never get it right, what am I a Rhodes scholar now?) probably don't have the Tower of Babel story in their Koran. Which means they have to learn that lesson the hard way. Don't play God....

Finance Minister Korn Chatikavanij yesterday said Dubai World's default would not hit Thai exports to the Middle Eastern market, as other parts of the United Arab Emirates and the region remain economically sound. Chaiyaporn Nompitakcharoen, executive vice president for research...