Contributor ReportsDubai dreams gone bust
Posted by:
prabirghose 
Dubai :: United Arab Emirates | updated Sun Nov 29 01:23:55 -0800 2009 | business-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...
ReachDubai: Bling City is dead, but the desert dream lives on
Source: The Guardian
Abu Dhabi :: United Arab Emirates | updated Sat Nov 28 19:57:27 -0800 2009 | business-news
But for all its faults it remains a rare oasis of Middle East moderation and progress Jack Hughes in Dubai Pakistani workers play cricket during a break on a Dubai building site. Photograph: Chris Jackson/Getty Images A yachtsman friend of...
Dubai crisis won�t affect India: Pranab Mukherjee
Source: NewKerala
Dubai :: United Arab Emirates | updated Sat Nov 28 06:42:56 -0800 2009 | business-news
However, the Finance Minister said some adverse effects on the Indian stock markets can be expected, as it happened yesterday (Friday). �Watchful and effective intervention at the appropriate time can avert some immediate crisis�but again I want to say that...
Dubai Challenges God, Gets Struck Down.
Posted by: dirtbagchronicle
Dubai :: United Arab Emirates | updated Sat Nov 28 23:53:10 -0800 2009 | business-news
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....
Dubai plans appeal to bondholders
Source: Financial Times
Dubai :: United Arab Emirates | updated Sat Nov 28 22:46:42 -0800 2009 | business-news
Dubai’s government is preparing a campaign to persuade the holders of a bond due for repayment next month to agree to a delay even if that sparks claims that the emirate has defaulted on the debts of a government-backed company....
Sensex, Nifty hits recent lows
Source: The Financial Express
Dubai :: United Arab Emirates | updated Sat Nov 28 04:05:54 -0800 2009 | business-news
Markets fell by more than 2 per cent breaking a string of three-week rally after the key indices Sensex and Nifty hit recent lows on heightened worries that Dubai's debt crisis may impact adversely the financial system. The bellwether Sensex...
Gold, oil rallies come to a halt
Source: Asian Age
Dubai :: United Arab Emirates | updated Sat Nov 28 01:17:04 -0800 2009 | business-news
While, Oil prices sank to six-week low below $75 a barrel on Friday and the dollar rose as investors moved into safer assets. The precious metal, which usually maintains a steady run throughout the day, witnessed an unusual volatility with...
Finance Minister warns on Dubai aftershock
Source: Globes Online
Dubai :: United Arab Emirates | updated Sun Nov 29 00:58:19 -0800 2009 | business-news
Finance Minister Yuval Steinitz, appearing on television last night, referred to Israel's exposure to Dubai's debt crisis. The emirate's government-controlled Dubai World investment firm has asked for a six month extension on repaying debt due over the next few months,...
Nagarjuna Cons says safe in Dubai crisis
Source: Daily News & Analysis
Dubai :: United Arab Emirates | updated Sat Nov 28 02:10:08 -0800 2009 | business-news
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...
Why Debt at Dubai World is Shaking World Financial Markets
Source: Truthout
Abu Dhabi :: United Arab Emirates | updated Sat Nov 28 08:55:52 -0800 2009 | business-news
As conglomerate Dubai World delays debt payments, most analysts look for Arab Monetary Fund to step in to avert a crisis in financial markets...How can Dubai, a tiny emirate on the Persian Gulf, shake financial markets from Shanghai to New...
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Finance Minister warns on Dubai aftershock
Source: Globes Online | about 1 hour ago
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Dubai plans appeal to bondholders
Source: Financial Times | about 3 hours ago
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Dubai: Bling City is dead, but the desert dream lives on
Source: The Guardian | about 6 hours ago
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