Breaking United Arab Emirates Business News

The name mentioned most by bankers and investors in the region is that of Dubai Holding , the personal investment vehicle of the ruler, Sheikh Mohammed bin Rashid al-Maktoum. “Dubai’s actions have introduced the risk that restructuring of other corporates...

The Global village is the region's most popular open air family,cultural entertainment and shopping venue.The craftsmen and traders from around the world come and sell their wares.The festivities this year will run for 98 days from Nov 22, 2009 to...

New York and the Standard & Poor’s 500 Index added 1.1 per cent. “The fallout from the Dubai situation and the overall contagion effect should be both short-lived and quite limited,” wrote Suki Mann, a credit strategist at Societe Generale...

Both indexes were down about 6% after recording big losses on Monday. Dubai World has unveiled plans to restructure $26bn (£15.8bn) in debt, its first comment since the crisis began last Wednesday. It a statement the firm said that it...

The Canadian economy expanded 0.1 per cent in the third quarter, the first quarterly gain since the third quarter of 2008. Labour Minister Rona Ambrose is preparing legislation to order 1,700 locomotive engineers at Canada's biggest railway back to work....

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...

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...

The Abu Dhabi stock market suffered its biggest one-day fall today as the Dubai debt crisis continued to haunt the world's financial markets. Investors across the United Arab Emirates rushed to sell shares as soon as trading began, taking their...