News Stories Related To: Is Dubai the next Casuality of the Global Economic Crisis?
By: arabwatch 
As US markets are crashing and burning (except for today) rumors are starting to circulate in the financial markets about another crash--Dubai. There has been a dramatic surge in...
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Reported by arabwatch
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- News Source: Gulfnews.com | about 1 year agoSuch concerns have seeped into Dubai's mentality in recent weeks from the financial turmoil spreading across the world. Tight bank liquidity, speculation-driven price increases and reduced lending to individuals along with the recent wave of...
- News Source: AKI | about 1 year agoStock markets throughout the oil-rich Gulf region continued to surge on Tuesday for the second straight day. Arab world's largest, opened with a 6.2 percent increase at the opening...Petrochemicals and the banking sector were key areas of gains.
- News Source: Gulfnews.com | about 1 year agoReal estate stocks led the gains, with Emaar Properties and Union Properties ending 14.92 per cent and 14.61 per cent higher respectively. Recent losses means Emaar Properties is now Dubai's third-largest company by market capitalisation, with...
- News Source: NewKerala | about 1 year agoVice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed Bin Rashid Al Maktoum has ordered the transfer of the amount to the country's Ministry of Finance so that it can inject the required liquidity into the national banking...
- News Source: Zawya Market News | about 1 year agoStocks in the booming Gulf emirate of Dubai leapt nine percent at the opening of trade on Tuesday, leading gains in the oil-rich Gulf as global markets made a spectacular surge. Abu Dhabi and Oman each jumped six percent, but the Kuwait Stock...
- News Source: Al Jazeera | about 1 year agoThe government cannot just leave people on their own to be buffeted about," he said. For his part, Nicolas Sarkozy, the French president, said his government will make up to 320bn euros ($435bn) available for bank guarantees to run until 2009. "...
- News Source: Asian Wall Street Journal | about 1 year agoIn the latest move by a Persian Gulf government to bolster market confidence, Qatar said it will pump capital into its banks, pledging investments of as much as 20% of each publicly traded bank's market capitalization. The government didn't give...
- News Source: San Francisco Chronicle | about 1 year agoThis small but wealthy Persian Gulf nation moved aggressively Monday to shield its booming financial industry from the global credit crisis, saying a just-announced guarantee on bank deposits also would cover international banks operating inside its...
- News Source: Zawya Regional | about 1 year agoThe United Arab Emirates has decided to extend its guarantee of banking deposits to include foreign banks with "significant operations" in the country, the finance ministry said on Monday...The ministry did not define the banks which will qualify but...
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