Dubai :: United Arab Emirates
| updated Tue Dec 08 15:59:30 -0800 2009
| business-news
Other stock markets are falling as well but it would seem that this is for other reasons than the Dubai debacle. However as this article shows the markets there have not yet returned to anything like normal. This is from...
Dubai :: United Arab Emirates
| updated Tue Dec 08 17:38:21 -0800 2009
| business-news
Tuesday, December 8, 2009 by Nasra Ismail for the BBC's Biodun Iginla Published: Dec. 8, 2009 at 1:57 PM Dubai ruler speaks out on debt concerns UAE on National Day eases Dubai concerns Dubai stable on central bank assurances The...
Dubai :: United Arab Emirates
| updated Tue Dec 08 17:38:21 -0800 2009
| business-news
Dubai World caused further recriminations on global markets yesterday, when the emirate's finance minister conceded that the debt- riddled group would need longer than six months to unravel its complex borrowing arrangements. Abdulrahman al-Saleh said the conglomerate, which two weeks...
Dubai :: United Arab Emirates
| updated Tue Dec 08 11:13:28 -0800 2009
| business-news
Financially troubled Dubai World will need more than six months to fully restructure its debt obligations, a Dubai finance official said in a TV interview. "Six months would be too short for a full restructuring," Abdul Rahman al-Saleh, head of...
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